AUD Traders – Stay tuned for two key releases today: Reserve Bank of Australia (RBA) interesting rate decision and Aussie budget.
In terms of forecast, no change in interest rate are expected but a dovish tone is expected, especially since RBA Deputy Governor Guy Debelle has expressed concern over a mismatch between the inflation and employment outlook.
AUD/USD was seen to swing around 0.7185 at the Tokyo Open. The bulls can expect downside pressure if RBA disappoints the markets.
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