𝗛𝗲𝗿𝗲 𝗰𝗼𝗺𝗲 𝘁𝗵𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝘂𝗽𝗱𝗮𝘁𝗲𝘀 𝗳𝗼𝗿 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
RBA Cash Rate – April 5, 07:30 MT time
FOMC Meeting Minute – April 6, 21:00 MT time
CAD Unemployment Rate – April 8, 15:30 MT time
Though Australia's economy remains resilient, the 4% inflation growth is higher than the RBA expected. More hawkish steps are planned for 2023. A surprise rate hike will propel AUDUSD. The AUD will get higher if the RBA is optimistic about the national economy.
The Federal Open Market Committee has already raised the rate by 25 basis points. The US economic activity and employment continue to improve, but inflation remains elevated due to the supply-demand imbalance. If the record uncovers more Fed hints on policy tightening, USВ will rise.
Last month, Canada's labor market showed signs of recovering from the COVID-19 shock. A February’s gain of 337,000 jobs lowered the unemployment rate to 5.5%. Thus, if the employment change announcement is greater than expected, CAD will strengthen.
