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  • Statement by Philip Lowe, Governor: Monetary Policy Decision

    From rba.gov.au

    At its meeting today, the Board decided to leave the cash rate unchanged at 0.75 per cent. The outlook for the global economy remains reasonable. While the risks are still tilted to the downside, some of these risks have lessened recently. The US–China trade and technology disputes continue to affect international trade flows and investment as businesses scale back spending plans because of the uncertainty. At the same time, in most advanced economies unemployment rates are low and wages growth has picked up, although inflation remains low. In China, the authorities have taken steps to support the economy while ... (full story)

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no way
Quoting Sahir12
no way
lol
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way
aUD UP ON ALL THIS NEGATIVE ANALYSIS
Quoting Ghass1234
aUD UP ON ALL THIS NEGATIVE ANALYSIS
Thats how game goes on.
Stop hunts on A and down soon. MM Need to do their Job...
if nzd noticed hard to climb up. then beware on next mr orr speech. or at least keep collecting a/n
BUY AUDUSD and hold till you die...Long AUDUSD
Quoting Ghass1234
aUD UP ON ALL THIS NEGATIVE ANALYSIS
Of course AUD will go up. Stop reading the lless important negative news and focus on the KEY IMPORTANT NEWS which is:

RBA: the Board decided to hold the cash rate steady at this meeting while it continues to monitor developments, including in the labour market. the holding for the interest rate(Unchanged rate means no cuts means good for AUD currency and no commitment to cut rates also means good for AUD currency)

GLOBAL EXPECTATIONS OF FURTHER MONETARY EASING HAVE GENERALLY BEEN SCALED BACK(No commitment to cut rates in the future for Autrallia and all around the world means good for AUD currency)

When there is a focus on Interest Rates, the biggest price influencers out of all the frequent news events are: Interest Rate Statement, CPI, and Unemployment
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