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AUD/USD: Potential RBA rate cut overshadows resilient Australian data – FXStreet
Australian upbeat data was overshadowed by RBA’s Governor Lowe hinting more stimulus. Mounting tensions between Canberra and Beijing could put extra w
Australian upbeat data was overshadowed by RBA’s Governor Lowe hinting more stimulus. Mounting tensions between Canberra and Beijing could put extra weight on the aussie which is holding above 0.7000 but could turn bearish mid-term once below it, FXStreet’s Chief Analyst Valeria Bednarik reports.
“The commodity-linked currency declined after the Reserve Bank of Australia’s Governor Philip Lowe hinted an upcoming rate cut. Lowe said further monetary easing would support jobs growth and alleviat…
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