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The Reserve Bank of Australia (RBA) is responsible for the country’s monetary policy decisions, like setting benchmark interest rates. RBA rate decisions are made by its Reserve Bank Board. The RBA changing or communicating a future change to official rate targets can have a material impact on domestic bond yields, like 10-year AGBs. If the Reserve Bank of Australia were to cut interest rates, for example, it would likely send Australian bond yields lower and fuel weakness across AUD price action.
Forex Update: As of 11:00, these are your best and worst performers based on the London trading schedule:
View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/dXR53Ud0A3
Forex Update: As of 08:00, these are your best and worst performers based on the London trading schedule:
View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/P9AXq4WgXo
Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule:
View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/9XT1o4B33h
Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. Forex trading involves risk. Losses can exceed deposits. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.
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