EUR/CHF, AUD/USD Evaluation and Information:
- EUR/CHF Close to Six Yr Lows, SNB Refrains From Intervening
- RBA Maintains Impartial Stance, Eyes on 200DMA Take a look at
EUR/CHF Close to Six Yr Lows, SNB Refrains From Intervening
Relative calm in a single day with main FX pairs buying and selling in ranges after digesting the most recent spherical of Western sanctions positioned on Russia. Alongside this, whereas there was no breakthrough in talks between Russia and Ukraine, the truth that they’ve agreed to a second spherical of talks within the coming days was sufficient raise danger sentiment. Throughout the FX area, among the many outperformers has been the Swiss Franc as safe-havens stay on the bid. What’s extra, yesterday’s sight deposits information confirmed that the SNB avoided intervening, regardless of EUR/CHF breaking under 1.03 and buying and selling close to six yr lows. That is considerably notable, provided that it indicators that the central financial institution are undeterred by the present appreciation within the Swiss Franc, thus retaining dangers on the draw back for now.
Supply: Refinitiv
RBA Maintains Impartial Stance, Eyes on 200DMA Take a look at
AUD: In a single day, the RBA largely caught to the script with its financial coverage assertion, reiterating that whereas inflation dangers have elevated, wage progress stays modest. The financial institution additionally acknowledged the present geopolitical backdrop to which they highlighted the impression on inflation versus the expansion outlook. Now whereas the RBA proceed to reiterate a affected person strategy, this has accomplished little to weigh on the Australian Greenback, which over the previous month has been among the many finest performing currencies within the G10 area, having tracked commodities larger. Eyes now for a take a look at of the 0.7330 the place the 200DMA resides, which has beforehand capped positive aspects within the foreign money.
AUD/USD Chart: Day by day Time Body
Supply: Refinitiv
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