When are the RBA minutes and how might they affect AUD/USD? – by anilpanchal7 AUDUSD RBA China GDP Events
The Australian central bank surprised markets by pausing its 10-time rate hike trajectory in the last monetary policy meeting. However, the policymakers have been trying to convince markets that they can renew the rate lift cycle, which in turn makes today’s RBA Meeting Minutes more important for the AUD/USD pair traders.
That said, the Aussie pair’s further downside hinges on how the RBA Minutes manage to justify its latest stop to the rate hike trajectory. Should the Aussie central bank can convince markets of its ability to renew rate lifts, the AUD/USD pair consolidate the recent losses. However, the moves are likely to remain inconclusive unless China’s Q1 GDP supports the bulls.
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