Hi All,
Thanks everybody for your posts and analysis on the Aussie. Druss, love your technical analysis.
Question... could the market be 'pricing in' a rate cut on Tuesday? The RBA is due to announce the aussie interest rate so perhaps this is why the currency is falling....
I could be wrong about this but i'm getting the sense that Aussie traders have stopped buying and are just waiting for the RBA announcement on Tuesday.
TrevA
Thanks everybody for your posts and analysis on the Aussie. Druss, love your technical analysis.
Question... could the market be 'pricing in' a rate cut on Tuesday? The RBA is due to announce the aussie interest rate so perhaps this is why the currency is falling....
I could be wrong about this but i'm getting the sense that Aussie traders have stopped buying and are just waiting for the RBA announcement on Tuesday.
TrevA