PREVIOUS TRADING DAY EVENTS 19 June 2023

Announcements

Minutes of June 4 policy meeting were released showing that members were puzzled about the data and suggesting that a possible pause should take place. 

The Reserve Bank of Australia RBA board initially considered leaving rates unchanged since consumer spending was slowing. However, it took the decision for a hike during the last meeting in June since inflation risks were feared. 

Jobs data released for May were strong. Data taken into account also involved rising electricity prices, high rents, stubborn services inflation and a rebound in national house prices. Headline inflation is high at 7.0 while unemployment is down near 50year lows of 3.6. In addition, there is low productivity and rising wages.

The risk that inflation would not return to the RBAs 23 target prevailed, eventually leading to a hike. 

Source

httpswww.reuters.commarketsaustraliascentralbankhikedratesfearinflationwasbecomingentrenched20230620

Summary Daily Moves Winners vs Losers 19 June 2023

The NZDUSD moved upwards the most this week so far having 0.33 change.
This month AUDJPY and AUDUSD remain on the top of the gainers list with 6.55 and 4.58 gains respectively.

News Reports Monitor Previous Trading Day 19 June 2023

Server Time Timezone EEST UTC 0300

Midnight   Night Session Asian

No significant news announcements, no special scheduled releases.

Morning Day Session European

No significant news…