The Australian and New Zealand Dollars rallied strongly against a receding US Dollar on Tuesday but the recoveries in AUD/USD and NZD/USD were stymied, perhaps only temporarily, when AUD/CNY and NZD/CNY collided with the daily limits prescribed by the People’s Bank of China.
RBA Can Move Again in May
- Category: AUD
The RBA left its cash rate unchanged at 4.1% and opened the door ajar to the cycle's second cut in May, according to some analysts.
The Australian Dollar slumps against the Pound at the head of a busy week.
Monthly inflation undershoots expectations.