AUD/USD remained at about the same level it was seen ahead of the release, as the Reserve Bank of Australia failed to surprise the market and decided to leave its trend-setting interest rate at the record-low level of 1.50% yet again. Following the release, the Aussie fell slightly versus its American counterpart, with the one-minute candle closing at the 0.80098 level. In the statement released by the RBA, the Governor Lowe was thrilled to note that the global economic conditions continued to improve and pointed out that Australia's largest trading partner, China, kept showing signs of economic stability. Lowe also said leaving interest rates at the current low level was consistent with the bank's path towards the sustainable growth and the inflation target.
| Historical Data Table | |||||
| Date | 04.04.2017 | 02.05.2017 | 06.06.2017 | 04.07.2017 | 01.08.2017 |
| Actual | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% |
| Forecast | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% |
| Initial Reaction on Main Pairs | |||||
| Open Price | Close Price | % Change | |||
| AUD/JPY | 88.397 | 88.257 | -0.16% | ||
| AUD/USD | 0.8026 | 0.80098 | -0.20% | ||
| EUR/AUD | 1.47369 | 1.47666 | 0.20% | ||
| GBP/AUD | 1.64635 | 1.64997 | 0.22% | ||