Don’t waste your time – keep track of how NFP affects the US dollar!

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Follow us on Facebook

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

FBS Mobile Personal Area

FREE - In Google Play

View
Will the RBA support the Aussie?

Will the RBA support the Aussie?

Information is not investment advice

The Reserve Bank of Australia announces the cash rate on Tuesday at 05:30 MT time.

Instruments to trade: AUD/USD, AUD/NZD, AUD/CHF, AUD/CAD

The interest rate in Australia has been reduced to the historical low of 0.1% during the last session. Previously, it has been lowered to 0.25% already due to the virus hit. Currently, there are some positive signs in Australia, boosted by the lifting of the restrictions in Victoria state. The quantitative easing program was recently expanded, and other key target rates, such as the three-year-bond yield, were kept in accordance with the cash rate reduction. While growth is expected in the third quarter for the GDP, the RBA board advised they are staying on high alert to aid the economy and make sure it sees no impediment for recovery. With the coming rate statement, we are not expecting a change in the rate itself. Rather, we will be looking for the “side” comments from the bank regarding the outlook and future policy plans. Positive moods will spur the AUD, while a dovish look will press on the Aussie.

  • If the RBA sounds hawkish, the AUD will rise.
  • If the RBA sounds dovish, the AUD will fall.

Check the economic calendar

AUD - 1.jpg

                                                                                                         LOG IN

Similar

Popular

Choose your payment system

Learn more

Callback

Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later