Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
Kevin Warsh Faces Early Fed Test as Inflation Risks Challenge Rate-Cut Expectations 
RBNZ Holds Interest Rates Steady but Signals More Hikes Ahead in 2026 
Jerome Powell Warns Against Politicizing the Federal Reserve, Defends Democratic Institutions 
BOJ Signals More Rate Hikes as Inflation Risks Rise Amid Energy Price Pressures 
Indian Government Bonds Seen Opening Steady Ahead of RBI Policy Decision 
BOJ June Rate Hike Likely as Inflation Risks Rise Amid Middle East Tensions 
Indonesia Plans Higher Asset Yields to Boost Rupiah and Restore Investor Confidence 
ECB Set to Raise Interest Rates as Energy Shock Fuels Eurozone Inflation Concerns 
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
