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About OzForex

RBA Rate Decision June 2012

Tuesday, 05 June 2012

Australia’s central bank the RBA dropped the official cash rate by 0.25% this afternoon which has seen the AUD/USD rally. Official statement can be read on the RBA's website
http://www.rba.gov.au/media-releases/2012/mr-12-13.html

With several key data releases due in Australia and abroad (see below) throughout the week the volatility is sure to continue.

Key data releases
Australian data – Gross Domestic Product (GDP) and Employment
Central bank meetings – Bank of Canada, Bank of England and European Central bank (ECB)
China – Consumer Price Inflation, Producer Price Inflation, Industrial Production and Retail Sales

Current cross rates (indicative only)
AUD/USD - 0.9773
AUD/GBP - 0.6347
AUD/EUR - 0.7800
AUD/JPY - 76.53
AUD/NZD - 1.2891

If you would like some dealing prices on forwards, options (Australian clients only) or would like to leave a limit order to capitalise on the movements feel free to call the dealing desk or log in to the website.

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IMPORTANT: This information has been prepared for distribution over the internet and without taking into account the investment objectives, financial situation and particular needs of any particular person. OzForex Limited ABN 65 092 375 703 (trading as “OFX”) and its subsidiaries make no recommendations as to the merits of any financial product referred to in the website, email or its related websites. Please read our Product Disclosure Statement and our Financial Services Guide.
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