News Headline Summary
AUD/USD continues to strengthen following the Reserve Bank of Australia's decision to hold rates at 3.25%, against the consensus of the majority of surveyed economists who were looking for a cut of 25bps
- AUD/USD has gained 68 pips since the announcement 17 minutes ago.
- AUS/USD session high printed at 1.0436.
- Of note, despite an initial dip of 0.17% in the ASX 200 the local stock index has now pared the move and is back to its pre-announcement levels, trading up 0.27% on the day.
06 Nov 2012 - 03:45
Subscribe Now to RANsquawk
Click here for a 1 week free trial
RANsquawk provides audio news and commentary for over 15,000
professional traders and brokers worldwide. Services include:
Real-time audio coverage from 0630 to 2130 London time
Teams of analysts covering equities, fixed income, FX and energy markets
Real-time scrolling news service
Daily and weekly pre-market research and calendars
Intra-day market update videos
Daily technical analysis