Aussie Fails to Hold Unto Gains, RBA Downgrades Growth Forecast

May 10,2019 11:18   Source:Earnforex
The Australian dollar attempted to rally today on the back of cautious optimism about the US-China trade talks but has almost lost its gains by now. The Reserve Bank of Australia released the Statement on the Monetary Policy, in which it downgraded growth forecast for this year. The RBA cut its forecast for Australia’s economic growth in 2019 significantly, to 2% from 2.75% in the previous estimate. The outlook for 2020 remained unchanged at 2.75%, though. US tariffs […]

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