The Reserve Bank of Australia relies on both domestic and international data, including economic indicators from China. Recently, we saw disappointing industrial production data from China, signaling that economic recovery is not gaining momentum. If the RBA adopts a dovish stance today, combined with this weak Chinese data, we might see a sell-off in the Australian dollar, especially against a strong US dollar. This scenario could set up a potential trade opportunity on the AUD/USD pair.

Let's see the Reserve Bank of Australia (RBA) meeting result

Jun 18 2024

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