The Australian Dollar depreciated against the US Dollar, following the RBA Rate Statement release on Tuesday at 03:30 GMT. The AUD/USD exchange currency rate lost 25 pips or 0.36% after the release. The Aussie continued trading at the 1.7120 level against the Greenback after the release.
Reserve Bank of Australia released the Australian Cash Rate data, which came out in line with the expectations of 0.10%.
According to the official release: "At its meeting today, the Board decided on a package of further measures to support job creation and the recovery of the Australian economy from the pandemic. With Australia facing a period of high unemployment, the Reserve Bank is committed to doing what it can to support the creation of jobs. Encouragingly, the recent economic data have been a bit better than expected and the near-term outlook is better than it was three months ago. Even so, the recovery is still expected to be bumpy and drawn out and the outlook remains dependent on successful containment of the virus."
| Date | 07.07.20 | 04.08.20 | 01.09.20 | 06.10.20 | 03.11.20 |
|---|---|---|---|---|---|
| Actual | 0.25% | 0.25% | 0.25% | 0.25% | 0.10% |
| Forecast | 0.25% | 0.25% | 0.25% | 0.25% | 0.10% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/JPY | 73.863 | 73.651 | -0.29% |
| AUD/USD | 0.70548 | 0.70322 | -0.32% |
| EUR/AUD | 1.65215 | 1.65705 | 0.30% |
| GBP/AUD | 1.83321 | 1.83725 | 0.22% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/JPY | 30.7% | 69.3% |
| AUD/USD | 50.9% | 49.1% |
| EUR/AUD | 46.9% | 53.1% |
| GBP/AUD | 52.0% | 48.0% |
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