The Australian economy and dollar has been under pressure over the last few months, and might further fall if the RBA cuts rates on May 7.
Watch our video to find out what forex traders will be watching as they plan their trades around the RBA rate meeting on May 7. Not only do we show what we think may happen if they cut rates, but also what may happen if they leave rates unchanged.
As of May 1, the market was giving it a 50 percent probability of a rate cut, and large Australian bank's where projecting at least two rate cuts in 2019, but not necessarily taking place in May.
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