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 - 05:45 - Equities - Source: RANsquawk

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