AUD/USD

AUD/USD Meets Resistance Around 0.7650 Again – Market Update

RBA Cuts Again The RBA cut the official cash rate again to a record low of 1.5%. Read more …  AUD/USD After dropping back below 0.75 within minutes of the RBA cutting rates again on Tuesday, the Australian dollar has since rallied higher to within reach of a three month high above the current resistance …

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AUD/USD Drops to 0.75 as RBA Cuts to Record Low of 1.5%

The Reserve Bank of Australia (RBA) cut its benchmark interest rate by 25 basis points on Tuesday to a fresh record low of 1.50 percent amid signs of slowing economic growth. The move was widely expected, with 36 out of 47 economists surveyed by Reuters expecting a rate cut. “The global economy is continuing to …

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AUD/USD Settles And ASX200 Climbs – Market Update

The Australian dollar seems to have settled in the last month or so trading around the key 0.75 level. The AUD/USD is currently trading right around 0.7520 (as I write this). The ASX200 continues to steadily climb higher and has enjoyed a strong July. AUD/USD The Australian dollar has moved to just near 0.7650 twice …

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AUD/USD Steady Around 0.76 after RBA Sits Again

Australia’s central bank held interest rates steady for a 10th straight policy meeting on Tuesday, citing evidence of continued growth at home despite an unhelpful rise in the local dollar. Bucking the worldwide charge toward negative rates, the Reserve Bank of Australia (RBA) kept its cash rate at 2 percent in a widely expected decision. …

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