Cash Rate (AUD) – 03/11

What is it? It checks the interest rate charged on overnight loans between financial intermediaries.

Short term interest rates are the paramount factor in currency valuation - traders look at most other indicators merely to predict how rates will change in the future.

When? November 3rd at 10:30pm Eastern Time.

 

Trading Tip: If the number is higher than the forecast, you can expect the AUD to rise.

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