Got AUD Goin’ up on a Tuesday: RBA + Federal Budget Released: Heads the RBA cuts, tails the RBA stays on hold! From the 24 Bloomberg economists surveyed, 10 have voted for a cut and the other 14 a hold. That is as split down the middle as you’re ever going to get on a central bank decision, and why today’s RBA meeting is being so eagerly anticipated by traders. Before last week, things were relatively smooth sailing for the RBA to keep rates steady. Domestic indicators such as employment and economic growth were strong, while the increase in commodity prices and Chinese demand for the country’s major exports had ... (full story)