Aussie Calm Before the US Election Storm

Locally, economists widely expect the Reserve Bank of Australia (RBA) to stay pat on interest rates at its monthly policy meeting on Tuesday.

“My sense is the RBA will continue to view rates as accommodative, but see little to be gained at this stage via a rate cut,” said Stephen Innes, senior currency trader at Oanda Australia and Asia Pacific.

“It’s been difficult to find a definitive trend on the Aussie of late, and that’s unlikely to change with the US election risk starting to froth.”

 

VIA REUTERS

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Stephen Innes

Stephen Innes

Senior Currency Trader and Analyst at OANDA
Stephen has over 25 years of experience in the financial markets and specializes in Asian currencies at OANDA. After having started his trading career with NatWest Bank, he is currently based in Singapore as a Senior Currency Trader and Analyst with OANDA, focusing on the movement of the Aussie Dollar and ASEAN Currencies. Stephen has an extensive trading experience in Interest Rate Futures, Money Markets and Precious Metals. Prior to joining OANDA, he worked with organizations like Cambridge Mercantile, Nat West, Garvin Guy Butler, Sumitomo Mitsui Banking Corporation. Stephen was born in Glasgow, Scotland, and holds a Degree in Economics from the University of Western Ontario.
Stephen Innes
Stephen Innes

Latest posts by Stephen Innes (see all)