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The Aussie strengthened against the Greenback, following the release of the Australian monetary policy meeting minutes. The AUD/USD currency pair gained nine base points, or 0.12%, reaching the 0.7715 level, to continue fluctuating in the 0.7705 area.
The Reserve Bank of Australia did not reveal anything new that would create a significant move on the market. The RBA noted that global economy continued to expand and the labour market continued to tighten. It is expected that inflation will slightly overshoot 2% around the end of the year; the estimate was unchanged from the previous meeting. However, the concern about weak pay-outs and rising household debt was expressed, with no indications of a shift in the policy.
| Historical Data Table: Australian Monetary Policy Meeting Minutes | Economic Calendar for 20.03.2018 | ||||||||
| Date | 17.10.2017 | 21.11.2017 | 19.12.2017 | 20.02.2018 | 20.03.2018 | All day | G20 Meetings | ||
| Actual | - | - | - | - | - | 12:30 PM | CAD Wholesale Sales m/m | ||
| Forecast | - | - | - | - | - | Tentative | NZD GDT Price Index | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/JPY | 81.728 | 81.863 | 0.17% | AUD/JPY | 45.69% | 54.31% | |||
| AUD/USD | 0.77058 | 0.77152 | 0.12% | AUD/USD | 62.15% | 37.85% | |||
| EUR/AUD | 1.60162 | 1.59981 | -0.11% | EUR/AUD | 26.89% | 73.11% | |||
| GBP/AUD | 1.82036 | 1.81877 | -0.09% | GBP/AUD | 41.63% | 58.37% | |||