The investment banking giant Westpac now expects the Reserve Bank of Australia (RBA) to cut the benchmark interest rate to a new record low of 0.10% from the current 0.25% in November, according to Ricardo Goncalves, Finance Editor at SSB News. Westpac’s Economist Bill Evans published a note last week, projecting a rate cut at the Oct. 6 meeting. AUD/USD is currently sidelined near 0.7040, having declined by 3.65% last week. That was the biggest single-day percentage drop since March. 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/CAD Price Analysis: All eyes on last week’s “double tops” above 1.3400 FX Street 2 years The investment banking giant Westpac now expects the Reserve Bank of Australia (RBA) to cut the benchmark interest rate to a new record low of 0.10% from the current 0.25% in November, according to Ricardo Goncalves, Finance Editor at SSB News. Westpac's Economist Bill Evans published a note last week, projecting a rate cut at the Oct. 6 meeting. AUD/USD is currently sidelined near 0.7040, having declined by 3.65% last week. That was the biggest single-day percentage drop since March. 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.
