When is the RBA Interest Rate Decision and how could it affect AUD/USD? – by anilpanchal7 RBA AUDUSD Events InterestRate CentralBanks
at around 04:30 AM GMT on Tuesday.
Given the recently mixed statements in the RBA minutes and a contrasting play between inflation and wage numbers, not to forget the talks of policy pivot, the AUD/USD traders will be more interested in hearing about the end of the rate hike trajectory, making this event crucial.Most economists, including ANZ, expect the RBA will again leave its cash rate unchanged at 3.60% today following a larger-than-expected decline in trimmed mean inflation. The market is pricing in just 3bp .
That said, the RBA is likely to trouble momentum traders as most analysts on the table anticipate no rate change. However, the economic forecasts and talks surrounding the policy pivot rate will be crucial to watch for the Aussie pair traders to watch for clear directions.
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