TheNews

2015-06-02 05:30 GMT (or 07:30 MQ MT5 time) | [AUD - Cash Rate]

• past data is 2.00%
• forecast data is 2.00%
• actual data is 2.00% according to the latest press release

if actual > forecast (or previous data) = good for currency (for AUD in our case)

[AUD - Cash Rate] = Interest rate charged on overnight loans between financial intermediaries. Short term interest rates are the paramount factor in currency valuation - traders look at most other indicators merely to predict how rates will change in the future.

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"The Federal Reserve is expected to start increasing its policy rate later this year, but some other major central banks are continuing to ease policy. Hence, global financial conditions remain very accommodative. Despite some increases in bond yields recently, long-term borrowing rates for sovereigns and creditworthy private borrowers remain remarkably low."

"Having eased monetary policy last month, the Board today judged that leaving the cash rate unchanged was appropriate at this meeting. Information on economic and financial conditions to be received over the period ahead will inform the Board's assessment of the outlook and hence whether the current stance of policy will most effectively foster sustainable growth and inflation consistent with the target."

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AUDUSD M5: 84 pips price movement by AUD - Cash Rate news event: