The Australian Dollar went up. Overview for 04.12.2018
AUDUSD is keeping positive momentum after the RBA meeting.
The Australian Dollar is rising against the USD on Tuesday afternoon. The current quote for the instrument is 0.7385.
This year’s last meeting of the Reserve Bank of Australia was over today. The results are no surprise: the interest rate remained at 1.5%, just as expected. In the comments that followed, the regulator said nothing new. However, no one thought there would be anything new anyway.
Apart from other things, policymakers said that the inflation would move towards the target, while the current interest rate corresponded to the GDP and inflation growth rates. Consumers and their expenditure remained uncertain, while households still had many debts.
According to the RBA, external risks include the international trade slowdown due to “trade wars” between the USA and China. Everything that is connected with China is very important for Australia.
The Australian Dollar was quite happy with the meeting results. Another thing that is supporting the Aussie right now is the USD decline.
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