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RBA: 25bps Cut As Expected, But Cautious Statement

RBA

The AUD/USD rate is higher as the market digests the RBA statement. AUD/USD is around 0.6360/65 in latest dealings, after being sub 0.6340 prior to the announcement. In the rates space, the OIS curve is flat to 3bps firmer now. For bond futures, ym and xm are -2. 

  • The statement hints at caution around further cuts, which is driving the market reaction, more details to follow. 
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The AUD/USD rate is higher as the market digests the RBA statement. AUD/USD is around 0.6360/65 in latest dealings, after being sub 0.6340 prior to the announcement. In the rates space, the OIS curve is flat to 3bps firmer now. For bond futures, ym and xm are -2. 

  • The statement hints at caution around further cuts, which is driving the market reaction, more details to follow.