Investors now expect RBA rate cut; Cracks appear in China’s manufacturing sector
- Australian short-term bill futures had their biggest daily jump in five years and AUD/USD plunged to the lowest level since June 17, with markets pricing in the possibility of a near-term interest rate cut by the Reserve Bank of Australia (RBA). The rally started when the market picked up on an unsourced report from The Daily Telegraph columnist Terry McCrann that the RBA would use its monthly policy meeting next Tuesday to consider a cut in rates. The Daily Telegraph said a cut as soon as
Original post by Fundamental Analysis Reports