US Dollar Hits Three-Month Low as Treasury Yields Fall 
Gold Tops $4,500 as Dollar Slides After Treasury Bond Move 
Japan Economy Minister Downplays Inflation Risks Despite BOJ Warning 
Australia Unemployment Rate Hits 4.5% as Jobs Fall in July 
Trump Pauses 50% Canada Tariffs for Three Days as U.S. Trade Deal Takes Shape 
Eurozone Bond Yields Fall as Oil Slump Eases Inflation Fears Ahead of Central Bank Meetings 
Switzerland Industrial Production Jumps 5.5% in Q2 2026 
US Treasury Buybacks Ease Global Bond Yield Surge 
RBA Signals More Rate Hikes Possible as Australia Battles Stubborn Inflation 
BSP Sees Philippine Inflation Easing, Keeps Policy Options Open 
Japan Trade Deficit Widens as Imports Surge on Energy and AI Demand 
Japan Inflation Rises, Boosting BOJ Rate Hike Bets 
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The Reserve Bank of Australia (RBA) issues a Statement on Monetary Policy four times a year. The statement sets out the central bank's assessment of current economic conditions, both domestic and international, along with the outlook for Australian inflation and output growth.
There was little change from the RBA at its policy meeting earlier this week. The statement that followed noted that the RBA sees GDP growth returning to 3 percent over the next couple of years, while its inflation forecasts are said to be “largely unchanged”. The market is now closely awaiting RBA's Statement on Monetary Policy (SoMP) on Friday.
"We expect Friday’s Statement on Monetary Policy (SoMP) to highlight that while the growth outlook remains positive, inflation is low and likely to remain low. We continue to see rates on hold at 1.5%." said ANZ markets in a report.
Uncertainty around the global political and trade outlook to keep the Bank’s assessment of key risks largely unchanged. Of concern to the RBA would be China's overcapacity and high debt levels, slack in the Australian labour market and outlook for global trade given Trump's protectionist politics nnd the Brexit vote.
AUD/NZD was hovering around 5-DMA, intraday bias remained neutral. Stiff resistance is seen at 0.7685 (trendline), while major support on the downside lies at 0.7580 (20-day MA). A daily close below 5-DMA will likely increase the bearish bias. Breach at 20-DMA could see test of 0.7493 (200-day MA).
