The RBA surprised many by hitting the ‘pause button’ on interest rate hikes. This follows the Fed’s course of action, allowing recent rate hikes to impact the economy, and ‘hope’ inflation is tamed. It is not tamed in Australia, as the people know only too well. Power prices have rocketed up 25%, while food prices have surged nearly 10%, year-on-year. The political pressure on the RBA is immense, with a heavily indebted nation and political leaders affording the high mortgage rates to the Central Bank. The RBA has been too slow, in addressing the inflation crises, and far to politically pliant. That being said, it is the fiscal irresponsibility and the money printing to cover deficit spending that are at the heart of the problem. The pause hit the currency, immediately following the announcement, falling 50 points to 0.6640, but recovered overnight to trade just under 0.6700. The NZ Business Confidence number was another complete disaster, coming in at minus 63, and although slightly better than the previous months disaster (-66), reflects the tough conditions business is operating in. This had little impact on the NZD, which traded around 0.6200, and higher on the cross-rates.
US markets were closed for the Independence Day holiday, so here was little movement in overseas markets. The US Dollar was slightly softer, allowing the GBP to return to 1.2700, while the EUR trades around 1.0900. Markets will be focused on the US labour market in the coming days, with a slew of important reports to be released.
澳洲联储按下“暂停加息”的按钮，这令部分交易人士感到惊讶，毕竟领头的美联储行动方针是继续加息影响经济，并“希望”通胀得到抑制。市场都知道，通胀在澳大利亚并没有被驯服。 电力价格同比上涨25%，食品价格同比上涨近10%，澳洲央行在解决通胀危机方面行动过于缓慢。不过在政治上也远远不够顺从，高额抵押贷款利率让澳大利亚央行面临着巨大的政治压力，政府早已负债累累，问题的核心仍是财政不负责任，以及需要印钞来弥补赤字支出。 消息公布后，货币立即下跌 50 点至 0.6640，但隔夜恢复至略低于 0.6700。 新西兰商业信心指数又是一场彻底的灾难，为-63，尽管略好于前几个月的灾难（-66），但反映了企业经营的严峻条件。不过这对新西兰元影响不大，新西兰元的交易价格在 0.6200，并且交叉汇率更高。
美国市场因独立日假期休市，因此海外市场走势甚微。 美元小幅走软，使得英镑重返1.2700，而欧元则交投于1.0900附近。 未来几天市场将关注美国劳动力市场，大量重要报告将会发布。
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