Sydney Morning Herlad's Peter Martin says the RBA will cut
An article from the Sydney Morning Herald says that the RBA will be cutting rates on Tuesday.
The paper's Peter Martin says that the deteriorating economic outlook and rising aussie dollar will force the RBA's hand
I've checked with the foremost Australian expert, who wasn't happy that I pulled him out of his shed while he was skinning wombats, and Eamonn says that this fellow is very much on the ball and that he can't argue with his reasoning at all.
The RBA decision is finely balanced from a market perspective and despite the recent gains in AUD/USD these stories could start to weigh on the price, as it has today with this story
AUD/USD is down around 130 pips since the heady 0.8076 highs yesterday to 0.7942 currently
The full article is here and thanks to Livesquawk for the heads up while our systems have been playing up.
