The Reserve Bank of Australia’s minutes of the meeting in August slightly lifted the Australian dollar despite having little new information.
On Tuesday, the Aussie was at 93.36 US cents, up from Monday’s 93.17 US cents.
The Australian dollar leaped slightly from 93.25 US cents to 93.35 US cents following the release of the central bank’s minutes.
“There was nothing particularly dovish in the minutes and there wasn’t any new information either so the fact that the Aussie dollar is going up against the US dollar means traders were clearly expecting something bad in there that didn’t really come,” said Matt Simpson, Senior Markets Analyst at ThinkForex.
The material has been provided by InstaForex Company – www.instaforex.com
The Reserve Bank of Australia’s minutes of the meeting in August slightly lifted the Australian dollar despite having little new information.
On Tuesday, the Aussie was at 93.36 US cents, up from Monday’s 93.17 US cents.
The Australian dollar leaped slightly from 93.25 US cents to 93.35 US cents following the release of the central bank’s minutes.
“There was nothing particularly dovish in the minutes and there wasn’t any new information either so the fact that the Aussie dollar is going up against the US dollar means traders were clearly expecting something bad in there that didn’t really come,” said Matt Simpson, Senior Markets Analyst at ThinkForex.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: