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The Australian Dollar gained since yesterday, rising more than 0.5 percent on average against its leading counterparts, after the RBA unexpectedly decided not to cut interest rates again at yesterday’s monetary policy meeting.
Economists were expecting a 25bps reduction with the probability of further easing at 60 percent. RBA Governor Glenn Stevens left the door open to future stimulus expansion however, saying the RBA will “assess the case for such action at forthcoming meetings”.
Aussie is further gaining in today’s sessions thus continuing yesterday’s trend.
Economists were expecting a 25bps reduction with the probability of further easing at 60 percent. RBA Governor Glenn Stevens left the door open to future stimulus expansion however, saying the RBA will “assess the case for such action at forthcoming meetings”.
Aussie is further gaining in today’s sessions thus continuing yesterday’s trend.
