High: Low:
*Delayed data. Use the platform to gain access to real time prices.
| Spread | 0.34 | Spread (%) | 0.50% |
|---|---|---|---|
| Overnight funding - Buy | -0.0564% | Overnight funding - Sell | -0.0312% |
| Initial margin | 20.00% | Maintenance margin | 10.00% |
| Leverage | 1:5 | Expires daily | No |
| Name | Sell | Sell button / Change | Buy | Change Change | Change Change | Change Change | |||
|---|---|---|---|---|---|---|---|---|---|
| {{item.Name}} | {{item.SellPrice}} | Sell | Buy | {{item.ChangePercentText}} | Trade | ||||
The potential U.S. interest rate hike is continuing to shake up Asian markets. Major indices and stocks felt the impact and ended trading in the red on Monday.
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Today, the Reserve Bank of Australia raised interest rates by 50 basis points, while the Bank of Japan is staying dovish. Uncertainty regarding monetary policies and inflation across Asia may have been the cause for mixed trading results on major Asian Indices today.
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The Aussie dollar’s fortunes have been tied to the virus and its disruption of the post-pandemic recovery. Will the country’s central bank support the currency or continue with its policy to keep it weak?
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