RBA Meeting
The Reserve Bank of Australia is not expected to change its benchmark rate, which is currently at 1.5% level. According to the minutes of the regulator’s last meeting, the RBA finds its appropriate to hold rates lower for longer to further support growth. Such approach of the central bank is not supportive for Australian currency. Traders and investors will look into the new RBA statement in order to see, whether the regulator’s view from the last month remains unchanged. If so, Australian dollar will get hurt.
