RBA: No change in policy or language expected

There is a small chance that the RBA will refer to the possibility of further rate cuts but most professional analysts that I’ve read seem to consider this very unlikely. Continued stability on policy and language is the expected outcome.

If this is the case, and with a large option expiry at .8500 later today, I’d expect the AUD/USD to trade in a fairly tight range either side of this.

Leave a Reply

Your email address will not be published. Required fields are marked *