Important events this week will bring us
The week will bring us fresh updates on Brexit and the last ECB meeting with outgoing president Mario Draghi.
Will the RBA cut its rate?
The Reserve bank of Australia will announce its interest rate and release a statement on May 7, at 07:30 MT time.
The main question in focus will be whether the Reserve bank will cut its interest rate to 1.25% or not. Analysts mention the projections for lower GDP growth and inflation as the main reasons why the rate cut may happen. Others remember the positive figures for employment which may weight against the rate cut. They also expect the RBA to wait until the elections before making changes to the current interest rate. At the moment, the anticipation of the rate cut is priced in. If the interest rate remains at the same level, it will help the aussie to gain positive momentum.
• If the RBA is hawkish, the AUD will go up;
• If the RBA is dovish, the AUD will go down.
Similar
Market updates on October 18
De-escalation between the US and Turkey and News for the GBP are on the agenda
Market updates on October 17
The European Brexit Summit will gather the main attention today...
Latest news
Elections in Canada: what do they mean for the CAD?
Today, the election in Canada will determine whether the Liberal Party Prime Minister Justin Trudeau or the Conservative Party leader Andrew Scheer will lead the government…
Important events this week will bring us
The week will bring us fresh updates on Brexit and the last ECB meeting with outgoing president Mario Draghi.
Market updates on October 18
De-escalation between the US and Turkey and News for the GBP are on the agenda
Deposit with your local payment systems
