Free Trial

AUDUSD Stronger Ahead Of RBA, A$ Treading Water Against Crosses


The Aussie has continued to take back some of its recent losses against the dollar during the APAC session. AUDUSD is currently up 0.3% at around 0.6902, close to its intraday high of 0.6908, ahead of the RBA meeting later. This has been helped by some USD weakness.

  • Aussie is generally trading sideways against the major crosses. AUDNZD is around 1.0918, AUDJPY 91.35 and AUDGBP 57.29. Aussie is up 0.2% against the euro at 0.6428.
  • Equity markets are generally higher today with the ASX up 0.1% and the Hang Seng +0.9%. S&P e-minis are also higher up 0.3%. Commodities are also stronger on better sentiment with WTI oil prices up 0.9% to $74.77/bbl and copper up 0.2%. Iron ore is stable around $122/t.
  • Today the RBA announces its meeting decision at 1430 AEDT and another 25bp hike to 3.35% is widely expected but the guidance and forecast mentions will be watched closely for any change of tone. See MNI RBA Preview - February 2023 for more details. Later the focus is on Fed Chairman Powell while there is also US December trade data.

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.