Australian Dollar Gains Even as RBA Chief Mentions Higher Chances of Interest Rate Cut

Feb 22,2019 21:00   Source:Earnforex
The Australian dollar was the strongest currency on the Forex market today as traders were cautiously optimistic, waiting for the outcome of the US-China trade negotiations in Washington. The chief of Australia’s central bank reiterated that chances of an interest rate cut increased, but that hardly affected the currency. Philip Lowe, Governor of the Reserve Bank of Australia, was speaking today. He made some dovish remarks, talking about “the accumulation of downside risks.” As a result, Lowe […]

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