Back

AUD/USD jumps above 0.7800 after RBA’s Status-Quo

FXStreet (Mumbai) - AUD/USD spiked to fresh highs above 0.78 barrier after Reserve Bank of Australia (RBA) left the cash rate unchanged at 2.25 per cent and left more room for further easing cycle.

AUD/USD rises from 0.7773 levels post RBA decision

Currently, the AUD/USD trades higher by 0.62% at 0.7814 levels, quickly retreating from session highs posted at 0.7840 levels post RBA ANNOUNCEMENT. The Aussie rose to fresh highs in reaction to the RBA’s unchanged policy stance as the central bank stated that it was appropriate to hold interest rates steady for the time being. However, the RBA also left doors open for further easing in a bid to spur economic growth.

Moreover, the RBA’s status-quo decision came as a surprise as markets were expecting a 25bps cut in the cash rate given falling inflation on the back of sliding oil prices.

AUD/USD Technical Levels

The pair has an immediate resistance at 0.7840 levels, above which gains could be extended to 0.7900 levels. On the flip side, support is seen at 0.7750 from here it to 0.7721 levels.

RBA holds rates at 2.25%, further easing may be appropriate

The Reserve Bank of Australia has decided to hold the benchmark interest rate steady at 2.25%, with the outcome being against market expectations for a 25bp cut, despite this time was a tough call.
Baca selengkapnya Previous

Market pricing in a 64% chance of an April RBA rate cut

April inter bank market is now pricing in a 64% chance of a cut by the RBA following today's rate hold decision.
Baca selengkapnya Next