ECB Eyes Rate Hike Amid Iran Conflict-Driven Energy Price Surge 
Singapore Tightens Monetary Policy Amid Middle East War Inflation Risks 
India's Central Bank Holds Rates Amid Iran War Energy Shock 
Morgan Stanley: Fed Rate Cuts Still on Track Despite Oil-Driven Inflation 
Bank of Japan Warns of Regional Economic Risks Amid Middle East Conflict and Rising Oil Prices 
Australia Bans Card Payment Surcharges Starting October 2025 
Bank of Japan Officials Signal Continued Interest Rate Hikes Amid Inflation Concerns 
Bank of Japan Signals Rate Flexibility Amid Yen Volatility 
Bank of Korea Governor Nominee Warns of Action if Korean Won Weakens Further 
Bank of Japan Governor Signals Accommodative Stance Amid Negative Real Rates 
Bank of America Maintains Forecast for Two Fed Rate Cuts in 2026 Despite Inflation Risks 
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
