The RBA is expected not to raise interest rates, but just a week earlier they were expected to raise interest rates. The bias is to NOT raise, because historically with an election coming up they have not raised rates prior to the election.
I'm still trying to figure out why the AUD is stable and rising. Perhaps it's merely hope. The Liberal party has gained pts in the poles, but the bookies are still aiming for a Labor party win. When that win does come in, that's when you can expect the AUD to come down.
I'm still trying to figure out why the AUD is stable and rising. Perhaps it's merely hope. The Liberal party has gained pts in the poles, but the bookies are still aiming for a Labor party win. When that win does come in, that's when you can expect the AUD to come down.