Stuart McPhee

Australian private trader for more than 20 years, author, trading coach, licensed adviser and regular speaker at major trading events all around the world. Graduate of RMC Duntroon and former Australian Army Officer.

RBA Cites Weak Growth Outlook in Cutting Cash Rate to 2%

Australia cut interest rates to a fresh record low in response to a weak economic outlook and to discourage further strengthening in the currency.  Governor Glenn Stevens and his board lowered the key rate to 2 percent from 2.25 percent, the Reserve Bank of Australia said in a statement Tuesday. The move was predicted by …

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As Widely Expected, RBA Lowers Cash Rate 0.25% to Record Low 2%

The Reserve Bank of Australia (RBA) decided on Tuesday to lower the cash rate by 25 basis points to a record low 2 per cent, effective 6 May 2015.   The decision to reduce rates by 25 basis points was widely expected, even as the economy is showing signs of improvement and as the housing market …

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AUD/USD Remains Steady Around 0.7850 as RBA Decision Looms

Australia’s dollar held its longest losing streak in a month as investors bet the central bank will decide to cut interest rates that are already at a record low. Swaps markets give better than 70 percent odds the Sydney-based Reserve Bank of Australia will lower the cash rate target on Tuesday to 2 percent from …

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