Australian Dollar cash rate at 2.50% more than 12 months

RBA still hold cash rate at 2.50% record low for more than 1 year after the cash rate had gone down in large scale from 2012 to 2013.

Some of the analysts start expecting the cash rate hikes early next year. Once market consensus focus on the increasing rate, cross-AUD pairs will have more clear direction and AUD will be stronger against several currencies.

Source: http://www.news.com.au/finance/money/rba-keeps-interest-rates-on-hold-in-september/story-e6frfmci-1227045102271