The Australian Dollar saw some volatile swings after the Reserve Bank of Australia (RBA) cut interest rates by 25 basis points to 4.10%.
The Australian Dollar could shoot higher on Tuesday on a non-negligible chance the Reserve Bank of Australia (RBA) defies expectations to hold interest rates unchanged.
GBPAUD could tap 2.0 in the week ahead, but this will require a dovish Reserve Bank of Australia (RBA) decision and some above-consensus UK data.
Australian Dollar to Struggle Says ING
- Category: AUD
Analysts at ING expect the Australian Dollar will struggle through the middle part of the year.