Trump Demands Powell Resign Over Fed Renovation Cost Overruns 
Fed’s Williams Signals One More Rate Hike Before Year-End 
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RBA Set for September Rate Hike as Inflation Stays High 
BOJ Signals Faster Rate Hikes as Inflation Risks Grow 
Central Banks Could Buy 20,000 Tonnes of Gold: BofA 
RBA Hikes Interest Rate to 4.60% as Inflation Risks Rise 
BOJ Flags Import Costs and Yen Shocks as Persistent Inflation Risks 
Global Central Banks Brace for More Rate Hikes as Inflation Risks Rise 
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RBA published the minutes of its August monetary policy today. It has reiterated that it is “unlikely that the cash rate target would be cut in the short term.” The minutes also stated that “not possible to either rule in or rule out” further interest rate changes. The central bank mentioned that an immediate hike is possible only if inflation increases materially.
It also suggested that keeping the cash rate steady “for an extended period” is good to drag the inflation down to target within a reasonable time frame.
Major resistance- 0.6800
Near-term resistance - 0.6750
Minor support- 0.6640,0.6600
Trend reversal level- 0.6560
