A GDP print of 6.2% or lower would mark the slowest pace of growth since the data series began in 1992, and the weakening outlook for the Asia/Pacific region may drag on the Australian dollar as it puts pressure on the Reserve Bank of Australia (RBA) to further insulate the economy. In turn, the RBA may keep the door open to implement another rate cut in 2019 as “the risks to the global economy are tilted to the downside,” and Governor Philip Lowe and Co. may continue to endorse a dovish forward guidance at the next meeting on August 6 amid the ongoing trade dispute between the US and China, Australia’s largest ... (full story)