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RBA expected to remain on hold
As the week begins, we note that the USD ended last week in the greens, while fundamentals continue to lead the way for the markets. The US Government shutdown continues to keep the markets in the dark as the release of key US financial releases is being delayed. In the FX market the release from Australia of RBA’s interest rate decision is expected to gather some attention in tomorrow’s Asian session. After the acceleration of the Australia’s CPI rates for September and Q3, market expectations for the bank to deliver a rate cut have been erased and the bank is currently widely expected to remain on hold. AUD ... (full story)
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