The Reserve Bank of Australia earlier this morning cut interest rates as expected from 2.25% to 2.00%. The Bank Governor in his statement was neither dovish nor hawkish. He reiterated the fact that the economy will probably be operating at space capacity for some time. He also highlighted that the fact that impact of positive figures from employment and consumption.
Therefore, there will probably be no easing anytime soon, this man there are possibilities that the AUD might probably push up higher from here. However, strong figures from the NFP later this week might probably have some impact on the AUDUSD. A positive figure might push the pair further down and vice versa.