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When is the RBA Interest Rate Decision and how could it affect AUD/USD?
Alike every first Tuesday of the month, the Reserve Bank of Australia (RBA) is up for conveying the latest monetary policy meeting and Interest Rate Decision around 03:30 AM GMT. Having previously heard of a weekly bond-buying purchase tapering to $4.0 billion and an adjustment to the timeline, market consensus favors no changes in the benchmark interest rate of 0.10%, neither altering the 3-year yield targets, during today’s RBA decision. However, the Aussie central bank policymakers cheered economic recovery and firmer employment figures to placate the bears afterward. Hence, AUD/USD traders will pay close ... (full story)