Whilst AUD/USD surged +100 points on the RBA rate hike, the move was felt across the board (except NZD/USD which fell due to the move higher in AUD/NZD. Whilst the moves in other major pairings remain somewhat modest, it was surprising that USD/AXJ reacted so strongly. They all fell sharply in sympathy with the rise in AUD however moves were tempered with some suspicion of central bank activity. This activity might flow through into EUR/USD later today during the London session so it might be worth watching out for.
Featured Videos