Australian Dollar loses ground due to the absence of a hawkish RBA

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AUDUSD News

SEO,Majors,Macroeconomics

The Australian Dollar (AUD) has plunged following the Reserve Bank of Australia (RBA)'s decision to maintain its interest rate at 4.35% on Tuesday.

The Australian Dollar lost ground after the RBA’s policy decision to keep its interest rateunchanged. The Australian Central Bank maintained its forward guidance of not ruling anything in or out. The US Dollar appreciated due to sentiment of the Fed prolonging higher interest rates. The Australian Dollar has plunged following the Reserve Bank of Australia 's decision to maintain its interest rate at 4.35% on Tuesday.

If the pair breaks below the EMA, it could face further pressure to navigate the region around the lower boundary of the symmetrical triangle around the level of 0.6465. AUD/USD: Daily Chart Australian Dollar price today The table below shows the percentage change of the Australian Dollar against listed major currencies today. The Australian Dollar was the weakest against the US Dollar. USD EUR GBP CAD AUD JPY NZD CHF USD 0.10% 0.12% 0.11% 0.25% 0.32% 0.20% 0.08% EUR -0.10% 0.02% 0.01% 0.15% 0.

 

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