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Money 19 July 16

Markets remained cautious overnight ahead of RBA’s minutes released at 11:30am. Most economists are anticipating the RBA will soon cut rates, with the market suggesting a 64% chance of a rate cut when the RBA next meets on 02 Aug. An RBA rate cut is likely to see the AUD to slip. Meanwhile the NZD fell close to 1% after the Reserve Bank of NZ announced plans to expand its home lending restrictions. Wholesale rates this morning: US $0.756 UK £0.570 NZ $1.067 Euro €0.683 Japan ¥80.29 ...

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