Will the Reserve bank of Australia support the AUD?

Will the Reserve bank of Australia support the AUD?

The Reserve bank of Australia will make its statement and announce an official rate on April 2, at 06:30 MT time.

We anticipate the interest rate to remain at 1.5%. But we need to pay attention to the tone of the rate statement. The statement will contain an outlook on the monetary policy of the country and offer clues on future rate decisions. Hawkish hints on the changes of the RBA monetary policy will support the Australian dollar.

• If the RBA is hawkish, the aussie will rise.

• If the RBA is dovish, the aussie will fall.

Check the economic calendar

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