Aussie Drops as Westpac Sees RBA Cut in October
Wednesday, 24 July 2019 13:21 WIB | CURRENCIES |AussieDolar Australia,AUD/USD,

Australia™s dollar fell against all its major peers after an influential economist at Westpac Banking Corp. said the central bank may cut rates again as soon as October.

AUD/USD dropped as much as 0.4% to 0.6978, the weakest since July 12.

The Reserve Bank of Australia will probably cut rates in October to 0.75%, and ease again in February, according to Bill Evans, Westpac™s chief economist who has correctly called previous policy decisions. He previously saw a cut in November.

Source : Bloomberg

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