Traders will be zeroed in on the Reserve Bank of Australia (RBA) when it announces its interest rate decision on May 5 at 12:30 a.m. EDT. The RBA has faced a constant battle to depreciate the AUD in order to remain competitive in global exports. Interest rate cuts and verbal intervention have been used proactively by Governor Glenn Stevens to keep the Aussie from rising higher as the interest rate is Australia is still an attractive 2.25%. The central bank held rates at its last meeting, which prompted economists to increase the probability of a rate cut at this month’s go-around. The market is divided in its ... (full story)