AUD falls off highs on RBA Nov rate cut article

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 15, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Bali) - According to AFR - Australian Financial Review -, there is now a very good chance that the RBA - Reserve Bank of Australia - will cut interest rates in November.

    AUD/USD has seen a sharp decline from its 0.7350 level of acceptance down towards 0.7305 before finding dip buying interest,, to currently send quotes circa 0.7315/20.

    According to AFR article - read here - , "there's a case for the RBA to cut its official cash rate even if the banks kept their mortgage rates below Westpac's, but it is dependent on macro-prudential regulation being able to keep a lid on lending to property investors in Sydney and Melbourne."
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