Odds on a Melbourne Cup Rate Cut?: While the eyes of the Australian public are on Melbourne for the ‘race that stops a nation’, the eyes of the financial world turn to Sydney for the interest rate decision out of the Reserve Bank of Australia. Last month the RBA left the Cash Rate on hold but surprising with their dovish tone. The statement that accompanied the decision gave the Aussie some buying interest, pushing the pair back above weekly trend line support that we have been watching price chopping around, but overall respecting. AUD/USD Weekly: (full story)