Market Analysis Australian Dollar updated by DBFN.

The Reserve Bank of Australia lowered its cash rate by 25 basis points to 1% this morning on the back of concerns over domestic economic growth. DBFN
This move follows a similar reduction from the central bank last month.  Consumption is weak due to low-income growth and falling housing prices. The Bank believes this decision will help to mop up the economic slack building in the economy. The market seems to have already priced in today’s rate cut and the AUD is trading higher, up 0.45% on the day.
the market is hoping the world's two largest economies can now agree on a trade agreement. The pair is, however, looking for clear direction before making its next move. The economic calendar is light, and the US vs EU relationship will be tested over the next few sessions. We expect the dollar to trade more by exchange of food so that people can benefit from it .This is the any hope we have by economic because what you eat is what you benefits in this world thanks for  understand Blessing.