Gold77, your guess as good as mine post news reaction. The price action is telling me that the anticipation of no rate cut today so I don't think more selling post news. AUD tradrs I suspect have factored this anticipation with the price now in rally mode leading into the news.
If the xjo rallied into the news like the March/April factoring economist consensus forecast that disappointed then the big sell off of the disappointment. Here the market looks clearly expecting no stimulus.
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