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Aussie Dollar Drops To Nine-Week Low As RBA Slashes Inflation Outlook

Discussion in 'Fundamental Analysis' started by Angela_Riplay, May 6, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    The Australian dollar hit a nine-week low versus its U.S. counterpart on Friday after the Reserve Bank of Australia cut its inflation forecast, amid speculations the RBA may slash interest rate further in the coming months. The AUDUSD pair dipped to a nine-week low of 0.7359, while currently trading around[​IMG]

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