AUD/USD Could Rise Following RBA Price Maintain

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AUD/USD Could Rise Following RBA Price Maintain

Australian Greenback, AUD/USD, RBA – Speaking FactorsReserve Financial institution of Australia retains the official money fee at


Australian Greenback, AUD/USD, RBA – Speaking Factors

  • Reserve Financial institution of Australia retains the official money fee at 0.10%
  • Financial Restoration stays depending on Covid-19’s path
  • AUD/USD seems to be to problem 2020 highs on subsequent rally

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The Reserve Financial institution of Australia saved its official money fee unchanged at 0.10% on Tuesday. The speed maintain was extensively anticipated following higher than anticipated financial information in latest weeks. Nonetheless, the financial outlook stays fragile and prone to Covid-19’s path. AUD/USD gyrated to the upside, however value motion might stay risky whereas merchants digest the RBA’s most up-to-date transfer.

AUD/USD One-Minute Chart

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— Written by Thomas Westwater, Analyst for DailyFX.com

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