RBA holds cash rate at 4.35%, as expected ...Middle East

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RBA holds cash rate at 4.35%, as expected
Prior was 4.35%The RBA will hold a press conference one hour after the decisionAUD/USD trading at 0.6493 just ahead of the release, up 11 pips on the day so far but yesterday's low of 0.6469 was the lowest since November 16.Prior to the release, the August 6 meeting was 93% priced for the first rate cut of the cycle with 44 bps priced in by year end. This article was written by Adam Button at www.forexlive.com.

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