Australia Oct foreign reserves AUD 78.1bln vs 74.9bln prev

Australia Oct foreign reserves report now out 7 Nov

Seems like they had a few dollars on Rekindling in the Melbourne Cup!

Any of our readers back the winner?

Changes in the value of official reserve assets reflect purchases and sales (including swaps) of foreign exchange by the Reserve Bank, earnings on foreign securities and valuation effects arising from changes in the foreign currency value of the assets and exchange rates.

Full RBA reserves report here

Meanwhile AUDUSD 0.7681 after the post-RBA rally once again fails around 0.7700. I'll get an updated order board for you asap.

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