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18 May 2015

RBA Lowe: There is still scope to lower rates

FXStreet (Bali) - More comments from RBA Deputy Gov Lowe are hitting the wires, noting that there is still scope to lower rates if needed, adding that the bank does not provide future guidance in months when it changes policy.
May 18, 2015

AUD/USD at session lows, RBA Lowe ref to rate weighs

While AUD/USD price action saw a shift in order flow since the last North American session on Friday, suggesting that the correction lower from levels above 0.81 may be running out of steam, and that a resumption of the bull trend may soon be due, RBA Deputy Governor headlines, noting that there is still scope for lower rates in Australia, have taken the rate to a daily low of 0.8016.
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