# AUD/USD: RBA holds firm as inflation concerns push rate cuts further off the table

> The RBA held its cash rate steady and repeated that it will not cut until it is confident inflation will return to the 2-3% target midpoint. Labour market strength and elevated vacancies reinforce the hawkish tone. Markets dialled back easing bets, and AUD/USD rose on narrowing US yield differentials.

- Date: 2024-11-05 · published 2024-11-05T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/27664-aud-usd-rba-holds-firm-as-inflation-concerns-push-rate-cuts-further-off-the
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A hawkish RBA supports the AUD and raises the cost of Australian farm finance, with limited direct effect on feed commodity prices.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- forex.com: https://www.forex.com/en-us/news-and-analysis/aud-usd-rba-holds-firm-as-inflation-concerns-push-rate-cuts-further-off-the-table/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.