The Aussie is ready to update its monthly highs. Overview for 03.12.2019
AUDUSD is keeping positive momentum; the RBA’s neutral decision supported the Aussie.
The Australian Dollar remains strong against the USD. The current quote for the instrument is 0.6845.
The December meeting of the Reserve Bank of Australia was over today and the key interest rate was left intact at 0.75%. In 2019, the Australian regulator cut the rate three times and reduced it down to the all-time lowest level. This time, it remained unchanged, but the RBA may continue lowering it in the future.
In the comments that followed, the RBA Governor Philip Lowe said that the regulator was ready to continue loosening its monetary policy if necessary. At the same time, it is лотown that the RBA is going to keep the rate low for a long period of time due to different global and domestic factors.
Trade wars between the USA and China had a significant influence on the Australian economy: China is the country’s main trade and economic partner, this is why everything that is somehow connected with China is very important for the Green continent.
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