RBA board decided to leave the cash rate unchanged at 3.25 per cent. Risks to the outlook are still seen to be on the downside, largely as a result of the situation in Europe, where economic activity.
Posted in Financial News Tagged Economy, Forex News, Interesting Rate, Leading Indicator, RBA
In its monetary policy statement the RBA makes the smallest possible concession to the bears on Australia’s economy by noting the correction in commodities prices but overall the central bank is st…
Posted in Trade On News Tagged AUD/USD, Interesting Rate, Leading Indicator, RBA
Short term interest rates are the paramount factor in currency valuation – traders look at most other indicators merely to predict how rates will change in the future.