The Australian Dollar is today’s worst-performing currency among the FX majors, falling across the board against the US Dollar, Japanese Yen and Euro. What is responsible for this drop despite slightly better than expected employment data? A few minutes before the release of the Australian Employment data, I was able to pick up a Tweet from LiveSquawk, which quoted the Governor of the Reserve Bank of Australia (RBA) as saying that the bank had room for a further 10 basis points rate cut. With the next RBA meeting scheduled for 3 November, markets have raised the bets of this AUD-negative move, putting the Australian ... (full story)