The Reserve Bank of Australia (RBA) will hold a policy meeting on Tuesday, November 3rd. The RBA elected to hike interest rates 25 bps to 3.25% in October. The RBA was the first major industrial nation to hike rates since the emergence of the economic and financial crisis at the end of 2007. The RBA rate hike helped fuel an AUD rally to a 14 month high. Monday, the Australian government upgraded its economic and fiscal forecasts and expects Australian GDP at 1.5% in 2009/10 and 2.75% in 2011

The Reserve Bank of Australia (RBA) will hold a policy meeting on Tuesday, November 3rd. The RBA elected to hike interest rates 25 bps to 3.25% in October. The RBA was the first major industrial nation to hike rates since the emergence of the economic and financial crisis at the end of 2007. The RBA rate hike helped fuel an AUD rally to a 14 month high. Monday, the Australian government upgraded its economic and fiscal forecasts and expects Australian GDP at 1.5% in 2009/10 and 2.75% in 2011

The Reserve Bank of Australia (RBA) will hold a policy meeting on Tuesday, November 3rd. The RBA elected to hike interest rates 25 bps to 3.25% in October. The RBA was the first major industrial nation to hike rates since the emergence of the economic and financial crisis at the end of 2007. The RBA rate hike helped fuel an AUD rally to a 14 month high. Monday, the Australian government upgraded its economic and fiscal forecasts and expects Australian GDP at 1.5% in 2009/10 and 2.75% in 2011