Australian dollar losing ground after the RBA statement

Author: Eamonn Sheridan | Category: Central Banks

AUD/USD well under 0.7090 

A change in the statement, as noted in the first post, was a lowering of the RBA inflation expectations in the satetement. To 2.25% in 2020, which still seems high if recent data and developments are anything to go by. If the market is selling on AUD on this, proabably rightly so.

AUD/USD well under 0.7090 
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