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Australian Dollar Forecast: AUD/USD May Rise Following RBA Rate Hold – DailyFX
AUD/USD may gain following the RBA’s December rate decision that kept the central bank’s official cash rate unchanged at 0.10%. The hold was largely expected after…
Australian Dollar, AUD/USD, RBA Talking Points
- Reserve Bank of Australia keeps the official cash rate at 0.10%
- Economic recovery remains dependent on Covid-19 path
- AUD/USD looks to challenge bullish price reaction at 2020 highs
The Reserve Bank of Australia kept its official cash rate unchanged at 0.10% on Tuesday. The rate hold was widely expected following better-than-expected economic data in recent weeks. Still, the economic outlook remains fragile and susceptible to the path of Covid-19. AUD/USD…
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