RBA Slashes 50 Basis Points AUD/USD Slides Below Short-term Support Factors
The Reserve Bank of Australia slashed the Official Cash Rate from 4.25% to 3.75%. The 50 basis point cut was more than the 25-bps cut the market has expected. In Glenn Steven's (Governor of the RBA) statement, he mentioned slowdown in China as well as the challenge in the Eurozone. He also noted a...
FF News: Technical