A$ has gained steam against the greenback on the news.
Tuesday, October 5, 2010
Surprise RBA Decision Lifts AUD
The Reserve Bank of Australia surprised analysts by holding its interest rate at 4.50 percent, contrary to expectations of a 25-basis point rate hike. However, the central bank cautioned about further hikes before the end of the year.
Subscribe to:
Post Comments (Atom)
About Me
- M. Terry
- A student of the markets that has held portfolio management, analysis and trading positions for over 15 years.
No comments:
Post a Comment