The Reserve Bank of Australia left the cash rate on hold, as expected
The accompanying statement flagged some concerns, rightly so, China headwinds, other overseas issues. but, and again rightly so, it pointed to promising developments domestically - labour force growth, low inflation.
AUD popped, but its lower now:
And, where to now? Unless there is an offshore 'risk off' scare AUD to go higher.
-
Hang on, wait ... phone is ringing ...
Its someone called 'Glenn", he hasn't given me a surname, with a song request!
Hi Glenn, yep, this one's for you:
