Open trading account 
The RBA today cut rates to 1.75%
The forecast for today was at 2.00%, though some economists did project this could occur at the meeting today.
The concerns of the bank, remain with the current exchange rate. Perhaps realizing the USD is under pressure, taking some preemptive measures to control the exchange rate to prevent it from getting too bullish.
Commodity prices have been rising, which helps Australia, though perhaps a bit too early to tell. The Employment market in the past showed some upticks, but flattened out.
There was a large assumptions last year that 2.00% would be the lower limits for Australia, and this news has taken the market by a bit of a surprise.
The forecast for today was at 2.00%, though some economists did project this could occur at the meeting today.
The concerns of the bank, remain with the current exchange rate. Perhaps realizing the USD is under pressure, taking some preemptive measures to control the exchange rate to prevent it from getting too bullish.
Commodity prices have been rising, which helps Australia, though perhaps a bit too early to tell. The Employment market in the past showed some upticks, but flattened out.
There was a large assumptions last year that 2.00% would be the lower limits for Australia, and this news has taken the market by a bit of a surprise.
