March 21, 2023 01:27 GMT
A$ Down Following RBA Minutes Mention Pause To Be Discussed In April
AUDUSD is 0.3% lower following the RBA’s March minutes, which mentioned that a pause will be discussed at the April meeting and will depend on the data and global developments. AUDUSD has broken through 67c and is around 0.6699, after reaching an intraday high of 0.6726. The USD index is trading sideways.
- See commentary on RBA minutes here.
- Aussie weakened against the major crosses following the minutes. AUDNZD is down 0.1% to 1.0743 and AUDJPY is 0.5% lower to around 87.82. AUDEUR is -0.3% to 0.6248.
- The ASX is up 1.2%, the Hang Seng +0.6% and the KOSPI +0.6% following a strong session in the US and Europe. The S&P e-mini is up 0.1%. Brent is down 0.4% to $73.53/bbl. Iron ore is around $126.50.
- Later ECB President Lagarde speaks and on the data front there is only Canadian CPI and US existing home sales for February.