Tue, 02 Nov 2021 11:17:21 GMT
AUD/USD drops due to central bank
On November 2, the Reserve Bank of Australia published its Rate Statement. On the announcement, at 03:30 GMT, the AUD/USD increased volatility by bouncing around in a 28 pip range before declining 34 base points. During the seven hours following the announcement, the rate had already lost 64 base points.
At mid-day on Tuesday, the currency exchange rate's decline had paused