The Australian Dollar appreciated against the US Dollar, following the RBA Rate Statement release on Tuesday at 04:30 GMT. The AUD/USD exchange currency rate gained 13 pips or 0.18% after the release. The Aussie continued trading at the 0.7150 level against the Greenback after the release.
The Reserve Bank of Australia released the Australian Cash Rate, which came out in line with the expectations of 0.25%.
According to the official release: "As Australians deal with the coronavirus, the economy is being supported by the substantial, coordinated and unprecedented easing of fiscal and monetary policy. The Australian Government's recent announcement that various income support measures will be extended is a welcome development and will support aggregate demand. It is likely that fiscal and monetary stimulus will be required for some time given the outlook for the economy and the labour market."
| Date | 07.04.20 | 05.05.20 | 02.06.20 | 07.07.20 | 04.08.20 |
|---|---|---|---|---|---|
| Actual | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
| Forecast | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/JPY | 75.541 | 75.621 | 0.11% |
| AUD/USD | 0.71215 | 0.71286 | 0.10% |
| EUR/AUD | 1.65295 | 1.65139 | -0.09% |
| GBP/AUD | 1.83622 | 1.83464 | -0.09% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/JPY | 39.5% | 60.5% |
| AUD/USD | 32.0% | 68.0% |
| EUR/AUD | 50.2% | 49.8% |
| GBP/AUD | 63.4% | 36.6% |
Economic calendar