Gone baby gone! See ya!
Australian Dollar Struggles to Hold Gains as RBA Concludes 2017
•The Reserve Bank of Australia leaves cash rate unchanged as expected, wrapping up 2017 •Australian Dollar struggles to capitalize on more gains after positive retail and Chinese data •The central bank said inflation is likely to pick and removed a couple of important notes After capitalizing on a barrage of positive retail sales and Caixin PMI data, the Australian Dollar appeared to struggle holding on to more gains after December’s RBA rate announcement. The central bank left its key rate unchanged as expected at 1.50%. However, that was not what appeared to excite the markets. The central bank removed a couple of important ... (full story)
- Posted: Dec 4, 2017 11:43pm
- Submitted by:Category: Fundamental AnalysisComments: 4 / Views: 1,261