ORBEX: RBA Stays Put, Keeps Inflation Outlook Unchanged!
In today’s #marketinsights video recording, I talk mainly about #RBA and why #Aussie in somewhat bid and I also touch #eurodollar.
#AUDUSD, despite yesterday's slide and regardless of trade war narratives, was pushed higher earlier in the session on the back of RBA's hold. The pair was supported as the bank kept the inflation outlook unchanged and reiterated that the economy is indeed in a changing state. That, of course, gave hope to investors and the like.
#EURUSD on the other hand, also weak yesterday on the back of a stronger dollar, remains under pressure as Euro Area PMIs remain far from expansion.
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
#AUDUSD, despite yesterday's slide and regardless of trade war narratives, was pushed higher earlier in the session on the back of RBA's hold. The pair was supported as the bank kept the inflation outlook unchanged and reiterated that the economy is indeed in a changing state. That, of course, gave hope to investors and the like.
#EURUSD on the other hand, also weak yesterday on the back of a stronger dollar, remains under pressure as Euro Area PMIs remain far from expansion.
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
