Latest poll conducted by Reuters ahead of next week’s RBA meeting 3 Nov
- 28/44 forecast steady rate outlook to Sept next year vs 15 who expect a hike
- 31/44 see rate hike by Dec next year vs 1 who expects an easing
Eamonn earlier had this preview of next Tuesday’s meeting.
Meanwhile AUDUSD 0.7677 still trawling around session lows after soggy data. Yesterday’s options certainly made an impact in keeping a lid and pushing it down too.
Demand building between 0.7650-70. Offers/res 0.7700 then 0.7720-25 again