Australian dollar drops in Asia on RBA remarks

Australian dollar drops in Asia on RBA remarks

On Friday, the Australian dollar sank in Asia after the major bank indirectly hinted that a record minimum cash rate of 1.5% wouldn’t be changed and markets shifted attention to American nonfarm payrolls as well as major surveys in France this weekend.

The currency pair AUD/USD edged down 0.19%, hitting 0.7395, while EUR/USD reached 0.08%, being worth 1.0975. 

As for USD/JPY, this pair added 0.11%, demonstrating 112.59. In a recent interview, BOJ Governor Haruhiko Kuroda told that aggressive monetary easing is actually working to raise prices.

Assessing the US dollar’s actual value versus its six main counterparts, the US dollar index, inched up 0.09%, being worth 98.70.

On Friday, the Reserve Bank of Australia issued its latest monetary policy statement with few surprises regarding economic surge expectations over the next two years, indirectly hinting that further interest rate drops were off the table. It’s because wage revenues are much weaker than expected, although house prices in some markets are still a concern. 

Similar

Popular

Asian shares tumble with Japan markets shut

On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…

Greenback surges as yields soar

On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera