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21 Oct 2014
AUD/USD remains steady after RBA minutes, below 0.8800
FXStreet (Córdoba) - AUD/USD rose to 0.8796 after the release of the Reserve Bank of Australia minutes reaching a fresh daily high, but quickly pulled back toward 0.8780/85, where currently trades, around the same price it had before the report.
According to RBA minutes, the current monetary policy stance is appropriate for fostering growth. “Members considered that the most prudent course was likely to be a period of stability in interest rates”.
The aussie remained steady across after the release of the minutes, AUD/NZD held around 1.1020/25, while EUR/AUD fell slightly toward 1.4560, to test daily lows. AUD/JPY remained below 94.00 as the yen gained momentum in the market.
According to RBA minutes, the current monetary policy stance is appropriate for fostering growth. “Members considered that the most prudent course was likely to be a period of stability in interest rates”.
The aussie remained steady across after the release of the minutes, AUD/NZD held around 1.1020/25, while EUR/AUD fell slightly toward 1.4560, to test daily lows. AUD/JPY remained below 94.00 as the yen gained momentum in the market.