What’s next for the AUD?

Where do you think the AUS$ is going prior to the Reserve Bank meeting August 6th?

A: Thanks for the question.


This morning (Thursday 1 August), the Aussie dollar is under 90c. The market clearly wants to take it lower in the short term.


I am in no doubt that the RBA will cut interest rates by 0.25% next Tuesday, so in these circumstances, the odds would suggest the market testing the downside in the very short term.


Kind regards



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