3 Dec 2013
AUD/USD offers absorbing initial 0.9065 bounce post RBA
FXstreet.com (Bali) - The AUD/USD saw its exchange rat deteriorate further, a solid rebound was seen immediately after though, following the RBA decision to leave the cash rate unchanged at 2.5% while deciding to keep a neutral tone on its statement.
From the RBA: "At today's meeting, the Board judged that the setting of monetary policy remained appropriate. The Board will continue to assess the outlook and adjust policy as needed to foster sustainable growth in demand and inflation outcomes consistent with the target."
Technically, according to Jim Langlands, Founder at FXCharts: “The hourly charts point to further weakness today, although the 4 hourlies look less negative, and thus some choppy short term price action around 0.9100 would not surprise.”
From the RBA: "At today's meeting, the Board judged that the setting of monetary policy remained appropriate. The Board will continue to assess the outlook and adjust policy as needed to foster sustainable growth in demand and inflation outcomes consistent with the target."
Technically, according to Jim Langlands, Founder at FXCharts: “The hourly charts point to further weakness today, although the 4 hourlies look less negative, and thus some choppy short term price action around 0.9100 would not surprise.”