The Reserve Bank announces RBA Interest Rate Decision

 WHAT IT INFLUENCES: AUD and its subsequent pairs :-


WHAT'S HAPPENING:  The Reserve Bank of Australia announces the RBA Interest Rate Decision. If the RBA is hawkish about the inflationary outlook of the economy and rises the interest rates, then it is positive, or bullish, for the AUD. Likewise, if the RBA has a dovish view on the Australian economy and keeps the current interest rate, or cuts the interest rate, then it is seen as negative, or bearish.

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