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RBA’s Hunter offers no guidance on future monetary policy

Reserve Bank of Australia (RBA) Chief Economist Sarah Hunter spoke at the University of Adelaide Luncheon on Friday, outlining the use of scenarios in setting policy.

Huntered offered no guidance on future monetary policy in her speech.

Market reaction

AUD/USD flirts with multi-month lows near 0.6350 following these comments, down 0.10% so far.

 

Japanese Yen struggles near multi-week low amid reduced BoJ rate hike bets

The Japanese Yen (JPY) remains on the defensive against its American counterpart, lifting the USD/JPY pair closer to the 153.00 neighborhood, or a fresh monthly peak during the Asian session on Friday.
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WTI consolidates around $69.65-$69.70 area, below monthly peak set on Thursday

West Texas Intermediate (WTI) US Crude Oil prices struggle to gain any meaningful traction during the Asian session on Friday and remain on the defensive below the monthly top, around the $70.30 area touched the previous day.
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