Three Currencies to Watch This Week
We prepared an outlook of major events of this week. Check it and be ready!
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.
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Is all good with the AUD?
The RBA Rate Statement comes on June 1, at 07:30 GMT+3.
Will the Australian Monetary Policy Meeting minutes support the AUD?
The Australian Monetary Policy Meeting Minutes are announced on Tuesday at 04:30 MT time.
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