Will RBA press AUD down again?

Will RBA press AUD down again?

What will happen?

The Reserve Bank of Australia will make a rate statement on March 2, at 5:30 MT time. Last time, the Reserve Bank of Australia kept the interest rate at a record low of 0.1% and pledged to maintain rates on hold until at least 2024. Besides, the central bank claimed it would extend its bond-buying program by an extra $76.2 billion. 

How to trade on RBA statement?

Australia is enjoying a V-shaped recovery as the Covid-19 pandemic is almost taken under control. Therefore, the RBA is ready to tighten spending (reduce its bond-buying), but if it implies it at the current time, it will risk sending the AUD soaring and damage exports and jobs. The main aim for the RBA now is to stop the aussie from rising too much, that’s why it would continue its massive support. 

  • If the RBA tightens spending, the AUD will strengthen;
  • If the RBA expands bond-buying, the AUD will weaken.

Instruments to trade: AUD/USD, AUD/NZD, AUD/JPY

Check the economic calendar




Latest news

Where is Dogecoin?
Where is Dogecoin?

Did the era of the Dogecoin, the most famous cryptocurrency, come to its end, or it is just a calm before the storm? Let’s find out!

Key Market Driver: FOMC Statement
Key Market Driver: FOMC Statement

The FOMC, a committee within the Federal Reserve, will hold an important meeting and press conference on September 22 at 21:00 MT time (GMT+3).

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera