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Aussie vs. Central Banks
The lack of signals from the Reserve Bank of Australia about increasing the cash rate in the future is unpleasant news for AUDUSD. However, a change in the Fed's forecasts could make the bulls' position even worse. Let us discuss this topic and make up a trading plan. Markets were confident that RBA officials would leave a loophole to restart the monetary tightening cycle, but they did not. As a result, AUDUSD quotes collapsed to a two-week low. The bears are not stopped by US stock indices reaching record highs, good news from China, or stabilization of iron ore prices near $100 per ton. All 40 Reuters experts ... (full story)