Aussie dollar rises as RBA defies forecasts by keeping the cash rate unchanged at 1.50%, Asian markets steady after further Trump threats versus the Chinese.
The RBA (reserve bank of Australia) caught market doves off guard on Tuesday morning, by agreeing to keep the cash rate unchanged at 1.5%, despite the weight of economic opinion, from the economists polled by Reuters, predicting the rate would be cut to 1.25%. GDP growth has slumped in Australia, inflation is low, unemployment pressures […]