The RBA is expected to leave the rates unchanged. A vast majority of economists thinks so, and so do market: there is a chance of only 16% for cutting the rates below the historic low of 3%. However, there are some arguments supporting a cut. In case of a surprising move, AUD/USD could plunge and even test parity. So, here 5 arguments that support the cut: Housing sector: Australia’s housing sector is still looking for a direction. Fresh building approvals data disappointed and send the pair below 1.0150. A rise was expected but a drop of 2.4% was recorded. Capital expenditure: The recent quarterly report showed a ... (full story)