Aussie Dollar Declines After RBA Cuts Rates by 25 Basis Points
The Australian Dollar declined over 1.6 percent versus the US Dollar after the Reserve Bank cut rates by 25 basis points. Economists were expecting the bank to keep rates unchanged at 2.50 percent.
Directional Real Volume (DRV) shows that selling volume exceeded buying volume by a factor of 2 to 1 at the time of the announcement. DRV is one of 5 new real volume indicators are available for free on the latest version of Trading Station Desktop.
The Australian Dollar declined over 1.6 percent versus the US Dollar after the Reserve Bank cut rates by 25 basis points. Economists were expecting the bank to keep rates unchanged at 2.50 percent.
http://i.imgur.com/jhFTOrZ.png
Directional Real Volume (DRV) shows that selling volume exceeded buying volume by a factor of 2 to 1 at the time of the announcement. DRV is one of 5 new real volume indicators are available for free on the latest version of Trading Station Desktop.