The Reserve Bank of Australia (RBA) is anticipated to maintain its current policies in April. However, this might not deter those betting against the Australian dollar (AUD) from taking action.
In our Event Guide for the April Monetary Policy Statement from the RBA, we anticipate that the central bank will hold its interest rates steady at 4.10%. Meanwhile, market participants are expected to shift their focus to concerns about trade wars, especially with the looming “Liberation Day” on April 2, marking an important date for tariffs announced by Trump’s administration.
Where things get interesting is how the AUD might perform against the Canadian dollar (AUD/CAD) and the Japanese yen (AUD/JPY). If global trade tensions come to the forefront and overshadow the RBA’s decisions, these currency pairs could see significant movement.
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