Free Trial

RBA Holds Rates, Says Setback Temporary

AUD

AUD/USD rises to fresh session highs at 0.7464 after the RBA hold rates and say that the setback to the economic expansion is expected to be only temporary. Next resistance seen at 0.7478 the high from Sep 3. Above here the 50.0% of the May - Aug sell-off / High Jul 13 at 0.7499/7503 awaits.

To read the full story

Close

Why MNI

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.