NZD: Asia Wrap - NZD/USD Has A Look Below 0.6000
The NZD/USD had a range of 0.5983 - 0.6041 in the Asia-Pac session, going into the London open tradi...
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RBA: RBA Cuts, Trims Inflation & Growth Forecasts, AUD & OIS Softer
The RBA cut rates as expected by 25bps and left a dovish first impression in terms of the statement, by trimming its inflation (trimmed mean) and growth forecasts slightly. In the bond space, futures are ym +4 xm+3. OIS is flat to -5, with late 2025 leading. AUD/USD is back to 0.6430/35 (post decision lows were at 0.6426). We were near 0.6440/45 prior to the outcome. More details to follow.
RBA SAYS INFLATION HAS FALLEN SUBSTANTIALLY
- RBA SAYS INFLATION HAS FALLEN SUBSTANTIALLY
RBA: Rates Cut 25bp As Forecast, Inflation Expected To Stay “Around Target
The RBA cut rates 25bp to 3.85%, the lowest in two years, as was widely expected. Inflation is expected to remain “around target” with upside risks “diminished” due to global uncertainty. See meeting statement here. More details to follow.
