Quotes from Western Union:
- RBA is one for two so far this year in cutting interest rates, news that surprised many overnight who had expected another rate cut which triggered a bounce for the Aussie dollar.
- The RBA took a wait and see approach this month and decided to keep its key cash rate unchanged at 2.25 percent. But the undertones of the bank's statement sounded dovish and kept the door open to lower rates over coming months which suggests the Aussie's gains today may be the short-lived variety.
- The RBA next meets on April 7.
Commentary
AUD review: Western Union
Quotes from Western Union:- RBA is one for two so far this year in cutting interest rates, news that surprised many overnight who had expected another rate cut which triggered a bounce for the Aussie dollar. - The RBA to…
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