
Aussie demand surges following recent RBA rate cut

An unexpected decision by the Reserve Bank of Australia (RBA) to cut interest rates by 50 basis points on May 1 appears to have led to a surge of interest in the previously range-bound Australian dollar, which depreciated sharply to a year-low in the wake of the decision.
The RBA decision was taken as a result of weaker-than-expected economic conditions in Australia, according to a statement by governor Glenn Stevens, which sent the Aussie dollar into free fall. Having traded as high as 1.08
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]