Aussie sags after RBA minutes rekindle worries on household debt

Aussie sags after RBA minutes rekindle worries on household debt

On Tuesday, the Australian dollar edged down in Asia because key bank minutes pointed to ongoing worries as for housing.

The currency pair AUD/USD hit 0.7839, sliding 0.17%, USD/JPY reached 112.12, decreasing 0.05%. The currency pair NZD/USD rallied 0.01% being worth 0.7170. As for EUR/USD, it sank 0.15% trading at 1.1777, GBP/USD descended 0.08% showing an outcome of 1.3241.

Measuring the US dollar’s strength against a six crucial currencies, the US dollar index grew 0.12% being worth 93.25.

Meanwhile, New Zealand posted CPI for the third quarter with a 0.5% jump versus a 0.4% profit observed on quarter and also at a 1.9% pace higher versus 1.8% anticipated on year.

According to the RBA meeting minutes, household debt levels were still elevated and should be watched closely. At the meeting the RBA held at a record minimum 1.5%.

The evergreen buck traded sideways because early session optimism on the back of positive manufacturing data relieved amid investor worries over disinflation after Friday’s inflation report.

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