RBA Rate Statement (AUD) – 6/10

What is it? It's among the primary tools the RBA Reserve Bank Board uses to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision. Most importantly, it discusses the economic outlook and offers clues on the outcome of future decisions.

Usual Effect: If the statement is more aggressive than expected, you can expect the AUD to rise.

When? October 6th at 11:30pm Eastern Time.

 

Trading Tip: The announcement can greatly affect the AUD, make sure to make your trade before.

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