Market getting more unsure about prospects of RBA easing
Yesterday the market was putting then chances of an RBA easing at 56% whereas today the chances are seen at 44%. Not sure what’s happened in the meantime to change peoples’ opinions. I’m sticking to my guns, I think they will cut by 25bps and will add in some AUD-negative language, sending AUD/USD back below 1.0300 (talking my position as usual!).