16 Jul 2013
AUD/USD higher post-RBA minutes
FXstreet.com (Barcelona) - The AUD/USD foreign exchange rate is last trading at 0.9156, off recent session highs printed at 0.9166, following latest RBA meeting minutes.
AUD/USD adjustment asses appropriate current stance
“Given the exchange rate adjustment that was occurring, and with the substantial degree of monetary stimulus already in place, members assessed the current stance of policy to be appropriate for the time being. The Board also judged that the inflation outlook, although slightly higher because of the exchange rate depreciation, could still provide some scope for further easing, should that be required to support demand,” read the minutes.
AUD/USD key technical levels
Immediate resistance to the upside for AUD/USD shows at July 05 highs 0.9185 followed by July 02 highs at 0.9254, while to the downside, closest support lies at yesterday's Asian session lows at 0.9120, followed by Thursday's lows at 0.9092.
AUD/USD adjustment asses appropriate current stance
“Given the exchange rate adjustment that was occurring, and with the substantial degree of monetary stimulus already in place, members assessed the current stance of policy to be appropriate for the time being. The Board also judged that the inflation outlook, although slightly higher because of the exchange rate depreciation, could still provide some scope for further easing, should that be required to support demand,” read the minutes.
AUD/USD key technical levels
Immediate resistance to the upside for AUD/USD shows at July 05 highs 0.9185 followed by July 02 highs at 0.9254, while to the downside, closest support lies at yesterday's Asian session lows at 0.9120, followed by Thursday's lows at 0.9092.