Stay tuned for the latest monetary policy decision from RBA today. Forecast is that interest rates will be kept unchanged at 0.25% and yield curve control policy maintained.
However, as the central bank presents its take on the impact of coronavirus on the economy, the market could potentially react accordingly to the hawkish or dovish tones sensed.
AUD/USD was seen to rise above 0.7400 in line with USD selling across the board and upbeat Chinese Caixin Manufacturing PMI and Australian Current Account.
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