RBA Set for August Rate Cut as AUD/USD Eyes Key 0.6380 Support
The RBA is expected to cut rates by 25bps in August to 3.6% based on softening inflation and employment data, with headline CPI at 1.9% YoY and trimmed mean at 2.1%. While markets expect additional cuts by year-end, analysts maintain a slightly more hawkish outlook forecasting only one additional cut after August. AUD/USD faces downside pressure despite year-end forecast of 0.67, with key support at 0.6380.

















