Australia’s central bank left the interest rate unchanged at 3.25%, in a move that was somewhat surprising. The higher inflation rate reported recently supported a pause at the moment, but the global slowdown still raised expectations for a cut. AUD/USD reacted with a leap, rising from around 70 pips, from 1.0365 to 1.0435 before stabilizing on high ground. AUD USD Higher After No Cut – click image to enlarge The statement noted some improvement in the global outlook, especially seeing a stabilization in China. So, there are already new doubts about a rate cut in the next meeting in early December. AUD/USD is trading in a wide range of 1.0150 to 1.06 for quite a long time, and is now moving a bit higher. For more lines and events in this busy week, see the Aussie dollar forecast. The elections in the US will definitely have a strong impact on the Aussie, which is a classic “risk currency”. Generally speaking, the Aussie would rise potentially rise on a Romney win and fall on a victory for Obama, even though a victory for Obama could already be priced in. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Disappointing Manufacturing Production Keeps GBP/USD Down Yohay Elam 11 years Australia's central bank left the interest rate unchanged at 3.25%, in a move that was somewhat surprising. The higher inflation rate reported recently supported a pause at the moment, but the global slowdown still raised expectations for a cut. AUD/USD reacted with a leap, rising from around 70 pips, from 1.0365 to 1.0435 before stabilizing on high ground. [caption id="attachment_38940" align="alignnone" width="400"] AUD USD Higher After No Cut - click image to enlarge[/caption] The statement noted some improvement in the global outlook, especially seeing a stabilization in China. So, there are already new doubts about a rate cut in the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
