– RBA cut 25bps and sounds dovish
– Korean inflation rose in September, but remains a non-issue
– Light data calendar today
What happened overnight
The Reserve Bank of Australia surprised with a 25bps rate cut and a dovish statement. AUDUSD dropped to 1.03415 on the news, where it has stabilized as we write. NZDUSD rallied in response to 0.8297, pushing AUDNZD down to 1.2440. We discuss the RBA statement in further detail below.
Click here to read the full report: FX Daily
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