Aussie Interest Rates unchanged

Tuesday, 3 May 2011 08:34

The Reserve Bank of Australia announced its decision of keeping interest rates unchanged at 4.75%, as the previous value and as it was forecasted for this month.  This is the fifth meeting that the cash rates have remained unchanged by RBA.

AUD saw minor depreciation trading at 1.0894 USD after the news release from 1.0921 USD before the news release; currently trading at 1.0907.

Furthermore news about UK manufacturing PMI data are expected to be announced later this morning.  Forecast is circulating around 57.0, from the previous PMI figure of 57.1.  Anything higher in figures than the forecast is good for the Pound.