AUDUSD MAKING HEAD AND SHOULDER
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About the RBA Meeting
If the RBA is hawkish about inflationary economic outlook and raises positive interest rates, or raises prices, for AUD.
Similarly, if the RBA has a dovish view of the Australian economy and maintains a constant interest rate, or decreases interest rates, it is viewed as negative, or declining.
Market Expectations This Time
The Reserve Bank of Australia (RBA) will announce the latest monetary policy and interest rate decisions today at 11.30am Malaysia time. Although the central bank is not expected to announce any changes in monetary policy at present, the recent signal for the unconventional monetary policy of the RBA policymakers is shifting focus to the rate statement to anticipate the possibility of a move in 2020.
If the RBA is hawkish about inflationary economic outlook and raises positive interest rates, or raises prices, for AUD.
Similarly, if the RBA has a dovish view of the Australian economy and maintains a constant interest rate, or decreases interest rates, it is viewed as negative, or declining.
Market Expectations This Time
The Reserve Bank of Australia (RBA) will announce the latest monetary policy and interest rate decisions today at 11.30am Malaysia time. Although the central bank is not expected to announce any changes in monetary policy at present, the recent signal for the unconventional monetary policy of the RBA policymakers is shifting focus to the rate statement to anticipate the possibility of a move in 2020.
Trade closed: target reached:
The Reserve Bank of Australia kept the cash rate at a record low of 0.75% during the November meeting, in line with market expectations after policymakers evaluated the 3 cuts that have been made since June.
The RBA also added that they will continue to monitor the labor market and emphasize that it is reasonable to expect long-term low interest rates due to global and domestic factors. Furthermore, they are also prepared to further tighten monetary policy if necessary to support sustainable economic growth, full employment and the achievement of inflation targets over time.
The RBA also added that they will continue to monitor the labor market and emphasize that it is reasonable to expect long-term low interest rates due to global and domestic factors. Furthermore, they are also prepared to further tighten monetary policy if necessary to support sustainable economic growth, full employment and the achievement of inflation targets over time.
Trade closed: target reached