Wed, 06 Feb 2019 11:54:22 GMT
AUD Drops on Monetary Easing Announcement
Since Wednesday's midnight hours, the Australian dollar dropped by 1.70%, which was the most significant daily drop in a year.
The reason for the fall was due to the announcement from the Reserve Bank of Australia Governor Philip Lowe during an interview the Governor revealed a possible cash rate cut that might be done in the near future.