XE Market Analysis: Europe – Jul 04, 2017

The Australian dollar dove following the RBA announcement, with Governor Lowe’s statement giving a mixed prognosis of the economy and, in particular, highlighting that an “appreciating exchange would complicate” the transition of the economy from the mining investment boom. AUD-USD fell over 0.6% in making a four-session low at 0.7604, and AUD-JPY shed over 1% in making a low at 85.85, which is also a four-session nadir. The RBA left the cash policy rate unchanged at 1.5%, as had been widely anticipated.

Source: XE news feed
XE Market Analysis: Europe – Jul 04, 2017