Forex Preview: 02/08/2021 - RBA could put off tapering decision; expose aussie to more declines

Forex Preview: 02/08/2021 - RBA could put off tapering decision; expose aussie to more declines

Four weeks ago, the Reserve Bank of Australia claimed that the economy is in good shape, and it would proceed with its bond tapering schedule as soon as September, despite the Covid uncertainty. On Tuesday, however, the Bank is expected to awkwardly postpone its tapering pledge and show commitment to support the economy as new lockdown measures threaten the recovery phase. The policy announcement will be published at 01:30 GMT.

0:00 Intro
0:12 Australian Virus Situation
1:15 Reserve Bank of Australia
2:25 Aussie
2:45 Risks Surrounding Aussie
3:02 AUS/ USD
3:28 Monetary Policy Divergence

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