Locally, economists widely expect the Reserve Bank of Australia (RBA) to stay pat on interest rates at its monthly policy meeting on Tuesday.
“My sense is the RBA will continue to view rates as accommodative, but see little to be gained at this stage via a rate cut,” said Stephen Innes, senior currency trader at Oanda Australia and Asia Pacific.
“It’s been difficult to find a definitive trend on the Aussie of late, and that’s unlikely to change with the US election risk starting to froth.”
