The Australian dollar faces particularly big event risk tonight as the Reserve Bank of Australia is…
The Australian dollar faces particularly big event risk tonight as the Reserve Bank of Australia is anticipated to cut rates by 50bps to 5.50 percent. This would be the third consecutive reduction and would bring the cash rate target down to more than two-year low, but traders should also take into account the potential for a surprise factor.
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- Australian Dollar May Rise on Risk Appetite, Smaller Interest Rate Cut (Daily FX via Yahoo! Finance)
- Australian Dollar Advances Before Reserve Bank’s Rate Decision (Bloomberg.com)
- Australian Dollar Falls to 3-Month Low Before RBA Rate Decision (Bloomberg.com)
- Australian dollar slides after rate decision (FT.com via Yahoo! News)
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