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AUD / USD reached a high of 0.6993 on the decision before falling
As mentioned in the previous posts, the RBA has not yielded much, because it has not clearly mentioned new rate cuts, but given its wording, it does not have any. more excluded the possibility at the next meetings.
The Australian gained on profit taking as expected, but quickly resumed its lead to come back down. Which give?
After looking through the RBA's statement, she did not really propose anything else, as it could have been included in the May statement. This means we are on a month and there is nothing new to digest.
The only thing we can expect now is additional data, which I hope will reaffirm new demands for further rate reductions. Apart from this, pay attention to the reactions of the national banks in this regard. ANZ had announced a reduction of its mortgage rate by 18 basis points, without being able to pbad on the full 25 basis point reduction imposed by the RBA. Remember this post?
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