RBA: Chances of March rate cut seen at around 55%

By: Sean Lee

Looks like the RBA isn’t done yet with its easing cycle and the next question is when will they cut. The market is putting it at close to 50:50 for a March cut.

The FX market has been pretty uninspiring today so we will have to wait a couple of hours and see what Europe thinks about the EUR fall in late NY trade.