The Australian Dollar traded sideways against the US Dollar, following the RBA Rate Statement release on Tuesday at 04:30 GMT. The AUD/USD exchange currency rate gained 5 pips or 0.07% after the release. The Aussie continued trading at the 0.6930 level against the Greenback after the release.
The Reserve Bank of Australia released the Cash Rate data, which came out in line with the expectations of 0.25%.
According to the official release: "Notwithstanding the signs of a gradual improvement, the nature and speed of the economic recovery remains highly uncertain. Uncertainty about the health situation and the future strength of the economy is making many households and businesses cautious, and this is affecting consumption and investment plans. The pandemic is also prompting many firms to reconsider their business models. As some businesses rehire workers as demand returns, others are restructuring their operations."
| Date | 19.03.20 | 07.04.20 | 05.05.20 | 02.06.20 | 07.07.20 |
|---|---|---|---|---|---|
| Actual | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
| Forecast | - | 0.25% | 0.25% | 0.25% | 0.25% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/JPY | 74.788 | 74.804 | 0.02% |
| AUD/USD | 0.69648 | 0.69681 | 0.05% |
| EUR/AUD | 1.62433 | 1.62347 | -0.05% |
| GBP/AUD | 1.79576 | 1.79461 | -0.06% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/JPY | 27.2% | 72.8% |
| AUD/USD | 39.8% | 60.2% |
| EUR/AUD | 38.4% | 61.6% |
| GBP/AUD | 70.9% | 29.2% |
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