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AUD: Here's What You Can Expect from RBA
The Australian dollar is in focus this week with a number of market moving economic reports and a monetary policy announcement on calendar. Having traded to 3 month highs last week, A$ retreated ahead of today’s Reserve Bank of Australia monetary policy announcement. No changes to interest rates are expected from the RBA, who cut borrowing costs 3 times in the last 5 months. When they lowered interest rates at their last meeting, they left the door open to additional easing but no one expects another move this year. Interest rate futures show only a 24% chance of fourth cut in 2019, which explains why the ... (full story)