At 3.30am tomorrow morning we will see the release of the Reserve Bank of Australia’s interest rate decision. This has caused volatility in the past but I feel there will be no change in the rates until after February due to recent data releases coming in very positive from down under.
There are a hoard of AUD data releases this week which could cause swings in AUD strength. Probably the most significant will also come in tomorrow at 23.30pm, Glen Stevens, the Head of the RBA is due to give his monthly speech on current economic conditions the outlook moving forward and monetary policy. I think he well could take a bullish stance and we will see further AUD strength.
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