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Aussie on fire as RBA chills

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 25, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Australian dollar is trading at 1-month highs after Reserve Bank Governor, Glenn Stevens’s poured cold water on the chance of a near-term rate cut. He was unusually ‘chilled’ in any case when responding to a question about prospects of interest rates being cut further, saying “we’ve got Christmas. We should just chill out, come back and see what the data says.” In a clear sign that that we won’t see another rate cut this year, Stevens further said he agreed with the argument that rates

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