The Reserve Bank of Australia February 2019 Statement on Monetary Policy has substantial cuts to the economic growth outlook
This is probably a positive, i.e. that the Bank recognises it has been way too optimistic.
On the negative side the bank continues to say it sees inflation picking up. Which I reckon is a negative 'cause they always say that and they've been consistently wrong.
Anyway, AUD has been marked down:
For the balance of the day at least watch for selling to enter on rallies.
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With all the revision to forecasts it is difficult to see how the balance of risks is even beteen a hike and a cut. Seems to me the risk is skewed to a cut