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21 Apr 2015
AUD/USD recovers ground and turns positive
FXStreet (Córdoba) - The Australian dollar managed to recover ground during the European session, shrugging off early weakness that followed RBA meeting minutes.
AUD/USD bottomed out at 0.7682 during the Asian session but turned higher and it has climbed to a high of 0.7750 in recent dealings. At time of writing, the pair is trading at 0.7743, recording a 0.28% gain on the day.
RBA minutes
There were no surprises contained within the RBA minutes. The the Board judged that it was appropriate to hold interest rates steady for the time being, while accepting that further easing of policy may be appropriate over the period ahead. Some analysts now expect a 25 bps cut to 2.0% in May meeting.
AUD/USD bottomed out at 0.7682 during the Asian session but turned higher and it has climbed to a high of 0.7750 in recent dealings. At time of writing, the pair is trading at 0.7743, recording a 0.28% gain on the day.
RBA minutes
There were no surprises contained within the RBA minutes. The the Board judged that it was appropriate to hold interest rates steady for the time being, while accepting that further easing of policy may be appropriate over the period ahead. Some analysts now expect a 25 bps cut to 2.0% in May meeting.