At the end of last week, the Aussie managed to record the strongest weekly gain in 6-months ahead of the release of the meeting minutes Reserve Bank of Australia on 19 March that might provide clues about why the policy makers to keep interest rates unchanged for the 3rd time in a row.
While the data surge biggest job in 13 years, seen in the data on Thursday, has forced traders to trim expectations for RBA rate cuts.
'Expectations RBA rate cuts have reduced quite substantially, leading to a strong rebound in Aussie. I think the RBA will be more cautious, they do not want to lower interest rates too far and too fast. "Said Derek Mumford, a director at Rochford Capital in Sydney.
Data this week's data to be released from this kangaroo country is New Motor Vehicle Sales and Monetary Policy Meeting Minutes.
When this news was revealed, the AUD / USD traded higher at 1.0374 the highest price.
While the data surge biggest job in 13 years, seen in the data on Thursday, has forced traders to trim expectations for RBA rate cuts.
'Expectations RBA rate cuts have reduced quite substantially, leading to a strong rebound in Aussie. I think the RBA will be more cautious, they do not want to lower interest rates too far and too fast. "Said Derek Mumford, a director at Rochford Capital in Sydney.
Data this week's data to be released from this kangaroo country is New Motor Vehicle Sales and Monetary Policy Meeting Minutes.
When this news was revealed, the AUD / USD traded higher at 1.0374 the highest price.
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