Previous close | 0.729 |
Open | 0.729 |
Bid | 0.73 |
Day's range | 0.729 - 0.731 |
52-week range | 0.5479 - 0.7493 |
Ask | 0.729 |
The RBA is widely expected to reinforce its forward guidance for three more years of near-zero rates, while also addressing the market dislocation.
It’s a relatively busy day on the economic calendar, with the EUR and Loonie in focus. First up, however, is the RBA monetary policy decision later this morning.
The RBA is taking the lead in acting as a breakwater for rising yields, a role typically played by the Bank of Japan.