Fed Rate Cut Odds Rise as December Decision Looks Increasingly Divided 
Japan’s Inflation Edges Higher in October as BOJ Faces Growing Pressure to Hike Rates 
BOK Expected to Hold Rates at 2.50% as Housing and Currency Pressures Persist 
RBA Signals Possible Rate Implications as Inflation Proves More Persistent 
BOJ Governor Ueda and PM Takaichi Set for Key Meeting Amid Yen Slide and Rate-Hike Debate 
Brazil Central Bank Plans $2 Billion Dollar Auctions to Support FX Liquidity 
Japan’s Finance Minister Signals Alignment With BOJ as Rate Hike Speculation Grows 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Indonesia Aims to Strengthen Rupiah as Central Bank Targets 16,400–16,500 Level 
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
