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RBA Preview with an Added Data Dump
RBA Preview: RBA Tuesday! Although there isn’t much chance that Stevens will pull the trigger on another cut to fresh record lows, the accompanying statement and the wording that the bank provides will be key to how the Aussie Dollar reacts. Cash rate futures have priced in only a 9% chance that the RBA will cut rates to fresh 1.75% lows this afternoon in Sydney, and this sentiment is backed up by the Reuters economist survey, with only 1 out of the 22 forecasting a cut. Yes, there is always 1 or 2 looking to get their name up in lights for taking a contrarian view. Wouldn’t it be interesting to know which of ... (full story)
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