RBA rate cut unlikely, AUD driven by renewed global demand for risk

RBA rate cut AUD driven by renewed demand for risk 1The Australian dollar edged back through 0.69 US cents on Friday advancing 0.2percent to touch 0.6917. Optimism surrounding phase one of a US/China commerce arrangement fostered an environment of risk on trade, decreasing requirement for safe haven resources, whereas mixed US macroeconomic statistics and more powerful than anticipated Chinese Manufacturing amounts drove AUD…
News story posted on 2019-11-04T01:01:00.0000000Z