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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.
71% of retail CFD accounts lose moneyTrading forex carries a high level of risk
Forex Update: As of 20:00, 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/rzD7Gp4VIC
The Australian Dollar plummeted more than 1.4% against the US Dollar since the start of the week with AUD/USD reversing off technical resistance at the yearly high-close. Get your $AUD market update from @MBForex here:https://t.co/72ORZ3wZwx https://t.co/zG3UzI6bRc
Forex Update: As of 16:00, 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/VcgEEAeJoW
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.
FX Publications Inc (dba DailyFX) is registered with the Commodities Futures Trading Commission as a Guaranteed Introducing Broker and is a member of the National Futures Association (ID# 0517400). Registered Address: 32 Old Slip, Suite 803; New York, NY 10005. FX Publications Inc is a subsidiary of IG US Holdings, Inc (a company registered in Delaware under number 4456365)
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