Rate cut likely next week, and here’s why – Terry Mc Crann in the Herald Sun

Author: Gerry Davies | Category: News

Author: Gerry Davies

‘The Reserve Bank will probably cut its official interest rate next week. That will take it back to the historic low-point of 3 per cent’

Take the headline and do a google search and you can read the article.

Earlier this morning in Europe I reported aussie importer sell orders clustered 1.0480/90 and barrier option interest at 1.0500. They’re the next two hurdles for the aussie bulls.