The RBA earlier left interest rates on hold as expected 5 Sept
AUDUSD suffered a small knee-jerk drop on the jawboning that Eamonn highlighted in his report here.
The key points again:
- Says rising A$ would lead to slower economic growth than otherwise
- Recent rise in A$ weighing on outlook for output and employment
- Higher A$ is restraining price pressures
No great surprises but we wait to hear from RBA gov Lowe when he speaks later at 09.15 GMT.
Meanwhile AUDUSD buyers noted around 0.7950 again and currently 0.7960 tightly bound 45-85 on the wide.
I'll get the latest orders and post them up asap but not expecting any great changes.
AUDUSD 15m
