How is this going to be optimistic? AUD is going to fall as the snow in December...
AUD/USD Could Target 0.7000 if the RBA Strikes an Optimistic Tone
After two of the biggest weeks for macroeconomic releases (not to mention most of the top-tier earnings reports), this week’s calendar is comparatively subdued. That said, there are still some key events to keep an eye on, including tonight’s confab at the Reserve Bank of Australia (RBA). According to the ASX’s RBA Rate Indicator tool, the odds of the central bank remaining on hold tonight are 93% with the remaining 7% of the market betting on an interest rate cut. Since the RBA’s last meeting, Australia’s unemployment rate has dropped 0.1% to 5.2% and inflation has ticked up 0.1% to 1.7% (though this is ... (full story)