Business
RBA easing hint unsettles Australian dollar bulls – The Australian Financial Review
The Reserve Bank of Australia’s hints that it could further ease policy crushed the Australian dollar, with the currency losses extending into a second day.
He is expecting a cut in the cash rate to 0.1 per cent, with the target for the three-year bond yield and the rate on the Term Funding Facility reduced in line with the cash rate. And the exchange settlement balance rate will fall to 0.05 per cent from 0.1 per cent, ANZ speculates.
Australian interest rate futures are pricing a probability of more than 70 per cent of policy rate cuts in November, according to Commonwealth Bank.
National Australia Bank also expects the Reserve Bank to cut its p…
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