The Australian Dollar traded sideways against the US Dollar, following the RBA Rate Statement survey results release on Tuesday at 04:30 GMT. The AUD/USD exchange currency rate gained 6 pips or 0.08% after the release. The Aussie continued trading at the 0.6800 level against the Greenback after the release.
The Reserve Bank of Australia released the Australian Cash Rate data, which came out in line with the expectations of 0.25%.
According to the official release: "The Board is committed to do what it can to support jobs, incomes and businesses and to make sure that Australia is well placed for the recovery. Its actions are keeping funding costs low and supporting the supply of credit to households and businesses. This accommodative approach will be maintained as long as it is required. The Board will not increase the cash rate target until progress is being made towards full employment and it is confident that inflation will be sustainably within the 2–3 per cent target band."
| Date | 04.02.20 | 19.03.20 | 07.04.20 | 05.05.20 | 02.06.20 |
|---|---|---|---|---|---|
| Actual | 0.75% | 0.25% | 0.25% | 0.25% | 0.25% |
| Forecast | 0.75% | - | 0.25% | 0.25% | 0.25% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/JPY | 73.096 | 73.115 | 0.03% |
| AUD/USD | 0.67865 | 0.67899 | 0.05% |
| EUR/AUD | 1.64004 | 1.63891 | -0.07% |
| GBP/AUD | 1.84015 | 1.83836 | -0.10% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/JPY | 44.0% | 56.0% |
| AUD/USD | 26.3% | 73.7% |
| EUR/AUD | 25.1% | 74.9% |
| GBP/AUD | 72.7% | 27.3% |
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