RBA Meeting Preview: Changes in Economy

The Reserve Bank of Australia’s monetary policy announcement is in just a few hours! For the second month in a row, the RBA is expected to ease but economists are divided on a 25 vs. 50bp move. Here’s a table showing how Australian data fared since the last meeting. As you can see, weakness all around particularly in consumer spending, employment and activity -- definitely not good news!

aud/usd Australian Dollar Kathy Lien Reserve Bank of Australia

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