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
http://www.rba.gov.au/media-releases/2012/mr-12-13.html
 
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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