AUSTRALIAN DOLLAR AT RISK AHEAD OF RBA MEETING
The Australian Dollar looks ripe for volatility surrounding the latest RBA monetary policy update on deck for release Tuesday, February 04 at 3:30 GMT
Aussie forex traders may react violently to the RBA interest rate decision with AUD/USD, AUD/JPY and AUD/CAD overnight implied volatility spiking to 5-month highs
Overnight swaps are currently pricing a rough 20% probability that the RBA cuts its official cash rate by 25-bps but dovish guidance could weigh negatively on AUD price outlook


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