RBA Rate Decision June 2012

Tuesday, 05 June 2012

Australia’s central bank the RBA dropped the official cash rate by 0.25% this afternoon which has seen the AUD/USD rally. Official statement can be read on the RBA's website
With several key data releases due in Australia and abroad (see below) throughout the week the volatility is sure to continue.
Key data releases
Australian data – Gross Domestic Product (GDP) and Employment
Central bank meetings – Bank of Canada, Bank of England and European Central bank (ECB)
China – Consumer Price Inflation, Producer Price Inflation, Industrial Production and Retail Sales
Current cross rates (indicative only)
AUD/USD - 0.9773
AUD/GBP - 0.6347
AUD/EUR - 0.7800
AUD/JPY - 76.53
AUD/NZD - 1.2891
If you would like some dealing prices on forwards, options (Australian clients only) or would like to leave a limit order to capitalise on the movements feel free to call the dealing desk or log in to the website.

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