The Australian >> Reserve Bank holds official cash rate steady at 2 per cent
It implies AUD will be stronger in longer term as the policy changed.
By the way, the trend & momentum in GBPAUD indicates further downward trend in coming days.
Tuesday, 4 August 2015
GBPAUD Trend & momentum, RBA announcement 4-Aug-2015
GBPAUD has massively gone down while AUD became bullish against other currencies, as RBA announced holding the interest rate at 2.0% as well as removal of the sentence demanding cheaper AUD.
The Australian >> Reserve Bank holds official cash rate steady at 2 per cent
It implies AUD will be stronger in longer term as the policy changed.
By the way, the trend & momentum in GBPAUD indicates further downward trend in coming days.
The Australian >> Reserve Bank holds official cash rate steady at 2 per cent
It implies AUD will be stronger in longer term as the policy changed.
By the way, the trend & momentum in GBPAUD indicates further downward trend in coming days.
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