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 lost 10 pips or 0.15% after the release. The Aussie continued trading at the 0.6450 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: "The Australian economy is going through a very difficult period and there is considerable uncertainty about the outlook. Reflecting this uncertainty, the Board considered a range of scenarios at its meeting. In the baseline scenario, output falls by around 10 per cent over the first half of 2020 and by around 6 per cent over the year as a whole. This is followed by a bounce-back of 6 per cent next year."
| Date | 03.12.19 | 04.02.20 | 19.03.20 | 07.04.20 | 05.05.20 |
|---|---|---|---|---|---|
| Actual | 0.75% | 0.75% | 0.25% | 0.25% | 0.25% |
| Forecast | 0.75% | 0.75% | - | 0.25% | 0.25% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/JPY | 68.779 | 68.716 | -0.09% |
| AUD/USD | 0.64493 | 0.64437 | -0.09% |
| EUR/AUD | 1.69119 | 1.69211 | 0.05% |
| GBP/AUD | 1.93348 | 1.93409 | 0.03% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/JPY | 32.6% | 67.4% |
| AUD/USD | 43.4% | 56.6% |
| EUR/AUD | 27.1% | 72.9% |
| GBP/AUD | 60.2% | 39.8% |
Economic calendar