The Reserve Bank of Australia (RBA) skipped purchasing bonds in the secondary market for the ninth conseuctive trading day on Thursday. The central bank has winded things down of late, probably because the three-year yield has stabilized near the target of 0.25%. The redcued bond buying makes RBA relatively hawkish than its global peers like the Federal Reserve, which is expanding its balance sheet at a frantic pace. The RBA cut interest rates to a record low of 0.25% and launched the bond buying program in March to contain the economic fallout from the coronavirus outbreak. 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 USD/JPY rallies on broad based USD strength in Tokyo FX Street 2 years The Reserve Bank of Australia (RBA) skipped purchasing bonds in the secondary market for the ninth conseuctive trading day on Thursday. The central bank has winded things down of late, probably because the three-year yield has stabilized near the target of 0.25%. The redcued bond buying makes RBA relatively hawkish than its global peers like the Federal Reserve, which is expanding its balance sheet at a frantic pace. The RBA cut interest rates to a record low of 0.25% and launched the bond buying program in March to contain the economic fallout from the coronavirus outbreak. 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.
