Here’s a look at how the Australian Economy has Changed Since May

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It is going to be a busy night in Australia with the Reserve Bank gearing up for its next monetary policy announcement. The last time the RBA met was on May 3rd and at the time, the central bank left rates unchanged even though they expected inflation to rise because they felt the strong [...]

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The Reserve Bank of Australia made it very clear last night that they do not plan to raise interest rates in the foreseeable future. Despite the rise in commodity prices, the RBA expressed little concern about inflation. As a result, the AUD/USD extended its losses as investors realized that unlike the ECB and [...]

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The last 3 times the RBA made a monetary policy announcement, a small to large reversal was triggered in the Australian dollar. RBA rate decisions can frequently mark a top or bottom in a currency - this does not happen 100 percent of the time, but given the number of considerations that go into [...]

Posted in Australian Dollar, Reserve Bank of Australia, aud/usd, australian dollar forecast 2 Comments »

The Reserve Bank of Australia has a monetary policy announcement this evening and even though interest rates are not expected to be changed, the tone of the statement could seal the fate of the Aussie by determining whether it makes a run for 1.05 or falls back towards parity. The key with the RBA [...]

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