Following the release of the minutes of the Reserve Bank of Australia’s March 6th monetary policy meeting, the US investment bank – JP Morgan is out with its response on the same, courtesy Bloomberg. Key Quotes: “Members had a detailed discussion of the Bank’s operations in repurchase and foreign exchange swap markets and their role in achieving the Board’s target for the cash rate. What that translates to is the RBA concern on higher rates in money markets, which would tend to diminish the impact of an RBA rate cut. Whether this implies a great willingness to intervene in these markets remains to be seen. But it certainly signals a desire to effect full transmission of easings, should they eventuate.” 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 Bitcoin to replace gold in 20 years – EOS co-founder FX Street 4 years Following the release of the minutes of the Reserve Bank of Australia's March 6th monetary policy meeting, the US investment bank - JP Morgan is out with its response on the same, courtesy Bloomberg. Key Quotes: "Members had a detailed discussion of the Bank's operations in repurchase and foreign exchange swap markets and their role in achieving the Board's target for the cash rate. What that translates to is the RBA concern on higher rates in money markets, which would tend to diminish the impact of an RBA rate cut. Whether this implies a great willingness to intervene in these… 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.
