RBA Poised for ‘Hawkish Cut’ as US-China Reprieve Boosts Outlook
8 Articles
8 Articles
RBA Poised for ‘Hawkish Cut’ as US-China Reprieve Boosts Outlook
Australia’s central bank is set to lower interest rates for a second time this year as price pressures ease and US-China trade tensions take a pause, though lingering risks around both suggest the board will remain cautious on the policy path ahead.
The Australian dollar remains subdued after the decision on the interest rate of the PBOC, the RBA is observed - World Stock Market
The Australian dollar maintains losses after the Popular Bank of China trimmed its preferential rate of loans to one year to 3.00% from 3.10%. The Australian Reserve Bank is expected to cut interest rates at 25 basic points on Tuesday. The US dollar weakened after the reduction of the US credit rating by Moody’s from AAA to AA1. The Australian dollar (AUD) falls against the US dollar (USD) on Tuesday, after a gain of more than 0.50% in the previ…
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