AUD

A cheeky move by the RBA helps to lift the aussie

• RBA goes with the unexpected by hiking the cash rate by 25 bps to 0.35%

RBA raises cash rate by 25 bps to 0.35%

• Latest monetary policy decision by the RBA - 3 May 2022

AUD/USD holds higher on the day ahead of the RBA policy decision

• The aussie is a little higher on the day, benefiting also from some slight dollar weakness

AUD, CAD, NZD rising strongly against the USD

RBA previews

Australian weekly consumer confidence survey - collapses to 90.7 (prior 96.5)

• ANZ-Roy Morgan Australian Weekly Consumer Confidence survey

AUDUSD falls to the lowest level in 3 months

• Price is down for the 7th in 8 trading days

Aussie will need more from the RBA to bounce back

• It's all about central banks this week

Preview of Tuesday 02 May 2022 RBA meeting —Most Expect a Small Hike

• Reserve Bank of Australia monetary policy meeting

Australia ANZ job advertisements survey for April -0.5% m/m (vs. prior 0.4%)

Australian monthly inflation data for April -0.1% m/m (prior +0.8%)

Australia – Markit Manufacturing PMI for April (final) 58.8 (vs. March 57.7)

• Markit / S&P Global Australian Manufacturing PMI

Australia - AiG Manufacturing PMI for April 58.5 (prior 55.7)

• Australian Industry Group Performance of Manufacturing Index

AUDUSD gives up gains on the day.

• Reverses lower after squeeze higher stalls

Australian data - Q1 PPI +1.6% q/q (prior +1.3%)