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
Click here for a 1 week free trial
provides audio news and commentary for over 15,000
professional traders and brokers worldwide. Services include:
Real-time audio coverage from 0630 to 2200 London time plus Asia-Pac 2200 to 1000 London time
Teams of analysts covering equities, fixed income, FX, energy, and metals markets
Real-time scrolling news service with instant analysis
Daily and weekly pre-market research and calendars
Video updates covering near-term key risk events & primary trading themes
One-to-one chat with our expert analysts