Australian Dollar Could Fall Sharply if RBA QE Becomes 'Live'
The Australian Dollar is like all other assets dominated by US-China trade deal headlines, but this week a domestic issue likely to loom larger crept in even as those headlines hogged the limelight, one that traders will have to keep a very close eye on. Monetary policy is the issue or, rather, its future conduct. The key Official Cash Rate is now at 0.75%, a record low, having been cut consistently since 2011. For all that stimulus results have been mixed. Employment growth has been impressive and durable, but that may now be waning. The inflation picture is much more worrying with annualized growth below the RBAs ... (full story)