• RBA Cash Rate & FOMC Meeting Minutes are the key headliners this week.
• RBA expected to drop cash rate to 3.60% (prev 3.85%).
• AUDUSD to continue consolidating with bullish bias, pivoting between 0.6515 and 0.6583.
• AUD to remain subdued this week due to a lack of AUD/USD data.
• Hovering in the 65c range.
• AUDUSD will largely be driven by the RBA cash rate announcement and any tariff-related news by Trump.
• RBA expected to cut cash rate by 0.25% to 3.60%.
• If the RBA keeps rates on hold, this could see an uptick in the AUDUSD; otherwise, minimal impact is expected.
• There are hints of a follow-up cut in Aug and about 70% priced in.
• The FOMC minutes are likely to hold further information on future rate cuts, although they have a minor impact on market movement.
• WILL WE SEE STRONG FX INFLOWS FROM OVERSEAS?
| Economic Calendar: Mon 7th July 2025 – Friday 11th July 2025 (High Impact) (AU/US) | |||||
| Day | Time(AEST) | Event | Country | Forecast | Previous |
| Tues | 2:30pm | Cash Rate / Statement | AU | 3.60% | 3.85% |
| 3:30pm | RBA Press Conference | AU | N/A | N/A | |
| Thurs | 4:00am | FOMC Meeting Minutes | US | N/A | N/A |
| 10:30pm | Unemployment Claims | US | TBA | 233K | |
Source: forexfactory.com