investingLive Asia-Pacific FX news wrap: Awaiting the RBA, expected to hike by 25bp

AI summary

<ul><li><a href="https://investinglive.com/centralbank/bank-of-canadas-macklem-backs-fed-independence-ahead-of-powell-departure-20260505/">Bank of Canada's Macklem backs Fed independence ahead of Powell departure</a></li><li><a href="https://investinglive.com/centralbank/rba-set-to-hike-to-435-today-nab-sees-cash-rate-peaking-near-46-20260505/">RBA set to hike to 4.35% today. NAB sees cash rate peaking near 4.6%.</a></li><li><a href="https://investinglive.com/forex/rabobank-holds-yen-bull-view-despite-poor-run-eyes-hormuz-as-key-risk-20260505/">Rabobank holds yen bull view despite poor run, eyes Hormuz as key risk</a></li><li><a href="https://investinglive.com/news/australian-data-march-household-spending-16-mm-prior-03-20260505/">Australian data: March household spending +1.6% m/m (prior +0.3%)</a></li><li><a href="https://investinglive.com/commodities/iran-launches-boats-missiles-and-drones-at-us-warships-in-hormuz-confrontation-20260505/">Iran launches boats, missiles and drones at US warships in Hormuz confrontation</a></li><li><a href="https://investinglive.com/commodities/chevron-chief-compares-hormuz-crisis-to-1970s-oil-shocks-as-shortages-loom-20260505/">Chevron chief compares Hormuz crisis to 1970s oil shocks as shortages loom</a></li><li><a href="https://investinglive.com/stock-market-update/sp-500-target-of-7600-reaffirmed-as-goldman-warns-on-inflation-and-rate-cut-constraints-20260505/">S&P 500 target of 7,600 reaffirmed as Goldman warns on inflation and rate cut