
The Australian economy has been on a steady recovery path, and now we have a very symbolic confirmation that S&P ASX 200 is about to cross 7000!
The Reserve Bank of Australia will post a rate statement, which contains an update on the interest rate on October 6, at 6:30 MT time.
Instruments to trade: AUD/USD, AUD/NZD, AUD/JPY
The Reserve Bank of Australia is expected to keep the interest rate at 0.25%. However, the current "wait and see" attitude of the RBA may be interrupted soon, according to Westpac. One of the leading analytical agencies has changed its forecasts and now projects a rate cut by 15 basis points during November's meeting. Thus, it is highly recommended to monitor the statement for the potential dovish hints. The combination of a stronger dollar and bearish forecasts have already pulled AUD/USD from its highest level since December 2018. Will we see further falls?
The Australian economy has been on a steady recovery path, and now we have a very symbolic confirmation that S&P ASX 200 is about to cross 7000!
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Here are a short wrap of the latest news and the tech analysis of EUR/USD, AUD/USD, and gold.
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In this article, you'll find the latest news and tech analysis of EUR/USD, gold, and GBP/USD!
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