Australia might cut interest rates repeatedly

Australia faced decelerating growth pace over the recent months. As threat of further slowdown looms, economists suppose the Reserve Bank of Australia might be forced to cut interest rates again. By most of analysts' estimates, overnight cash rate might be lowered by 0.25%. Still, the Australian Dollar appreciated for five days in a row and reached two and a half month high against the U.S. Dollar at USD 1.0398.