News

The Australian Dollar (AUD) advances against the US Dollar (USD) on Thursday, extending its gains for the second successive session.

Appearance before the Senate Economics Legislation Committee – Supplementary Budget Estimates 2025-26 – Canberra

• Governor Michele Bullock and Assistant Governor (Financial Markets) Christopher Kent

From 9am Sydney time

• 2300 GMT / 1800 US Eastern time

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At its September meeting, the RBA held its cash rate steady at 3.60 %, following three cuts earlier in 2025.

The decision, while broadly expected, carried a notably “hawkish hold” tone, with the bank flagging risks that inflation in the September quarter might come in stronger than expected. As a result, market bets on a November cut weakened significantly.

This article was written by Eamonn Sheridan at investinglive.com.

Trump announced that Israel and Hamas had agreed on the first phase of a peace plan which could put an end to the two-year war and free hostages.

Bank of England Monetary Policy Committee member Catherine Mann is speaking Thursday

• at 0830 GMT / 0430 US Eastern time
• keynote speech, on prices & consumption, “Explaining the consumption gap”
• following Mann’s address, there will be a response from former MPC member Michael Saunders before both panellists take part in a Q&A

This article was written by Eamonn Sheridan at investinglive.com.

1215 GMT / 0815 Eastern time

• Carolyn Rogers, Senior Deputy Governor of the Bank of Canada, will discuss productivity, competition and innovation in Canada’s financial sector.

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The latest policy move from the Bank of Canada came on September 17, 2025, when it cut its overnight policy interest rate by 25 basis points to 2.50 % — the first rate cut after a six-month pause — citing a weakening economy, reduced upside inflation risks, and falling job market strength.

The next scheduled policy date is October 29, 2025

• The Bank’s October Monetary Policy Report will be released at the same time.

This article was written by Eamonn Sheridan at investinglive.com.

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a negative note near 98.75 during the Asian trading hours on Thursday. The DXY edges lower amid US government shutdown concerns.