AU10Y Yields take a hit following RBA Announcement

AU10YR dropped rapidly to 0.770 following the RBA's announcement but has not dropped to earlier lows in the month. The effect on the AUDUSD was a little softness, but as the market was fully expecting the move, there was nothing too drastic. Now that's out of the way, the next hurdle is the US election which influence which way the AUD heads over the next few weeks.