FXstreet.com (Barcelona) - Today the Reserve Bank of Australia hold its latest policy meeting. According to Mr. Mansoor Mohi-uddin, Head of FX at UBS Macro Research, the RBA is unlikely to cut interest rates, noting that "the RBA has already cut interest rates from 4.25% to 3.50%." Meanwhile, Chris Walker, FX Strategist at UBS, reaffirms this view: "After last month’s 25bp rate cut, subsequent strong GDP data and solid jobs numbers will likely see the RBA sit tight this week and the bank is expected to hold rates at 3.50%."
AUD/USD May 23 at 15:58 GMT
0.9757/63 (0.63%)
H0.9781 L 0.9593
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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Any opinions, news, research, analyses, prices or other information contained on this story, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
