Title says it all. RBA has seen stabilisation in other countries particularly China as one of the reasons why no further cuts are given.
However, the results are a very much predicted one. In the Forex, Aud/Usd continues to trade around 0.74, which is pretty good. Aud/RM is about RM2.61.
Hopefully it'll only go higher and reaches 0.80 or even 0.90 around August, that's when I go travelling. He He!
Now awaiting 3pm VIC budget, not expecting too much surprises either. The federal budget would be more interesting and challenging to look at.
Trevi Fountain and Spanish Steps
10 hours ago
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