Post-RBA rate announcement AUDUSD outlook (+video analysis)


The RBA left the cash rate unchanged at 1.50% for the 13th straight month. HotForex shares their Post-RBA rate announcement AUDUSD outlook.

5 September, HotForex –  AUDUSD saw some whippy price action into and after the RBA policy announcement and statement.

Post-RBA rate announcement AUDUSD outlook

Moreover, USDCAD has settled around 1.2400, above the 26-month low that was seen on Friday at 1.2339. In addition, the weak U.S. August jobs report weighed on the pairing. USDCAD has fallen by over 6% on the year-to-date, reflecting a rebalancing of the Canadian economy as the drag from the oil price shock phased out.

Furthermore, USDCAD has fallen by over 6% on the year-to-date, reflecting a rebalancing of the Canadian economy as the drag from the oil price shock phased out.

The antipodean central bank left the cash rate unchanged at 1.50% for the 13th straight month. Specifically, the governor’s statement was somewhat mixed in tone. The main takeaways were dovish leaning, including an

In addition, the main takeaways were dovish leaning, including an acknowledgement of signs of slowing in the property market and a jawboning about the high exchange rate. This would lead to slower economic growth.

Disclaimer

This article ‘Post-RBA rate announcement AUDUSD outlook‘ was written by Stuart Cowell the Senior Market Analyst at HotForex. Moreover, the provided article is a general marketing communication for information purposes only. It does not constitute an independent investment research. Nothing in this communication contains an investment advice or an investment recommendation. It also does not contain a solicitation for the purpose of buying or selling of any financial instrument.

Additionally, all information provided gathered from reputable sources. Any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. We assume no liability for any loss arising from any investment made based on the information provided in this communication.

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