Market Overview

AUD/USD Higher Ahead of RBA

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AUD/USD is trading at 0.7476, up 0.0036.

The pair is trading at the session highs as overseas forex traders prepare wind down trading for the day.

Market talk about the upcoming RBA policy meeting, global headline news and Australia's economy is making the rounds. The Reserve Bank of Australia (RBA) is scheduled to release a statement and interest rate decision at 10:30 p.m. ET.

Overnight the TD Securities-Melbourne Institute consumer inflation gauge showed a 0.1 percent increase in November versus a 0.2 percent rise in October.

The Australia and New Zealand Banking Group ( ANZ) reported that job advertisements in Australia rose
1.7 percent on the month in November versus a 1 percent rise in October . Year over year job ads were up 6.1 percent versus a 5.2 percent year over year rise October.

Posted-In: AUD/USD Australian dollarFutures Forex Markets

 

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