The Reserve Bank of Australia is scheduled to announce its interest rate decision at 3:30 am London time on February 7th. Analysts are forecasting that the RBA will cut rates by 25 basis points. Australia has been one of the best performing economies in 2011 despite a global financial crisis due to the sovereign debt issues in Europe. The Australian Dollar has gained nearly 800 pips against the U.S. Dollar since the last rate decision. The RBA has delivered two consecutive rate cuts of 25 basis points in November and December; however the Aussie continues to attract safe haven capital flow because of the strong local economy. Read more