Finally a Rate Decision with Uncertainty
Gear up for a busy week in the foreign exchange market.
Four major central banks will be making monetary policy announcements, the first of which will be the Reserve Bank of Australia's decision Tuesday morning in Sydney, or Monday evening in North America. What is particularly interesting about this rate decision by the RBA is that economists and traders are completely divided on what the central bank will do. Based on the consensus forecast, economists are looking for the RBA to leave interest rates unchanged at 3.5%, but traders in the futures market are pricing in a 70% chance of a rate cut and the RBA has rarely disappointed traders this year....374 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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