Odds of a July RBA rate cut jump above 70% post-RBA Lowe’s speech
|Following the dovish reiteration by the Reserve Bank of Australia (RBA) Governor Lowe earlier today, markets are now pricing in the odds of a July rate cut above 70% when compared to a 50% chance before his speech.
Lowe said it is not unrealistic to expect a further reduction in interest rates as there is considerable spare capacity in the labor market despite strong jobs growth.
Meanwhile, the Aussie continues to remain in a consolidative mode just below the 0.69 handle, as the dollar bleeds out post dovish FOMC.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.