investors now await the policy decision from theReserve Bank of Australia later in the day,where the central bank is expected to stand pat on interest rates. — Shreyashi Sanyal Tue, Feb 6 20249:14 PM EST CNBC Pro: ‘This stock could double’: Fund manager loads up on shares of two ...
AUD/USD has slipped close to 0.20%, last near 0.6530, while NZD/USD is back to 0.6145, slightly outperforming the AUD dip. Coming up soon we have the RBA Minutes from the early Feb policy meeting. Later on, China LPRs are due, with both the 1yr and 5yr expected to be cut....
The data comes after the RBA raised interest rates again in May, but the minutes for the May 02 meeting show the decision was finely balanced. Indeed,economists saythe minutes likely indicate the RBA is now ready to pause its hiking cycle....