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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May 2020 forex season trading
May 2020 forex season trading

April seasonal patterns weren’t supposed to work, but somehow they did. Even a strong fundamental issue such as the global recession amid the coronavirus couldn’t overwhelm it. That’s why May seasonal patterns may work as well.

Latest news

Can the UK CPI surprise?
Can the UK CPI surprise?

The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.

The US Retail Sales Update
The US Retail Sales Update

The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.

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