Australian Dollar (AUD) the Aussie hit fresh downtrend lows near 1.0240 before a small rally with the EUR/USD strength helped the AUD/USD range trade for the rest of the day. The RBA meet today and although they are not expected to cut they may be dovish as the recent month has seen concerns regarding China’s slowdown intensify. Looking ahead, RBA Meeting forecast to hold at 3.5% with focus on the Statement.
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