Due to the Australia RBA Interest Rate Decision news event later today, we are expecting a large increase in volatility on the these instruments following the event release at 03 May 04:30:
The table below summarizes how the volatility of each instrument is expected to change during this news event.
| Symbol | Normal Movement Range | Movement range during AU RBA Interest Rate Decision |
|---|---|---|
| USDCAD | 14-22 pips | 16-25 pips (11.19%) |
| AUDUSD | 15-25 pips | 46-88 pips (251.58%) |