Bullock spoke earlier saying inflation is still high and persistent and its too early to be thinking about rate cuts:
RBA’s Bullock says underlying inflation remains too high
The RBA left its cash rate unchanged at its meeting on August 5 and 6 and meets again on 23 and 24 September.
AUD has rallied … but then again so has the NZD. EUR, GBP, CAD are all up a little against the USD also. Even the hapless yen!
This article was written by Eamonn Sheridan at www.forexlive.com.
