RBA Rate Unchanged at 1.5% as expected

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  • #10769
    Assistanc3
    Participant

    [article]95[/article]

    #10772
    ClemSnide
    Participant

    Thank you for the comparison very helpful – AUD has slowly slid since the decision – and 80 cents – due for more of a correction?

    #10773
    TradersCom
    Keymaster

    Y very helpful – have been watching the rebar and ironore markets putting a bid under the Aussie also – short covering in a thin market perhaps but China is changing up its regulations also. See how all that settles.

    #10777
    Assistanc3
    Participant

    RBA can talk the AUD down from 80 cents but it will take the Fed to bring it down to 75.

    #10779
    TradersCom
    Keymaster

    The spread favors the AUD carry, the other thing is the rebar and iron ore markets have surged again (thin and gappy). The Fed seems to be like a mouse on its wheel right now.

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