Global credit rating agency Moody recently crossed wires while conveying its economic forecasts for the Australian economy. The rating giant downgraded Australia’s growth forecast for the year 202 to 2.2% while forecasting a relatively steady unemployment rate at 5.0%. While the AUD/USD pair shows less reaction to the news, trading around 0.6810 by the press time of early Monday, this highlights the risk of another rate cut from the Reserve Bank of Australia (RBA). In doing so, the same increases the importance of Tuesday’s RBA monetary policy meeting minutes for the Aussie traders. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Forex Today: Dollar depressed amid cautious optimism; UK politics, trade – key FX Street 3 years Global credit rating agency Moody recently crossed wires while conveying its economic forecasts for the Australian economy. The rating giant downgraded Australia's growth forecast for the year 202 to 2.2% while forecasting a relatively steady unemployment rate at 5.0%. While the AUD/USD pair shows less reaction to the news, trading around 0.6810 by the press time of early Monday, this highlights the risk of another rate cut from the Reserve Bank of Australia (RBA). In doing so, the same increases the importance of Tuesday's RBA monetary policy meeting minutes for the Aussie traders. 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.
