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Dollar Holds Flat in Asia as Traders Brace for U.S. CPI Print
['Sydney Thecmo']
The Currency analytics
The Australian dollar barely budged after the Reserve Bank of Australia held its cash rate at 4.10%, a call that landed pretty much where markets expected.
AdvertisementRBA Holds at 4.10%, Aussie Stays FlatThe Reserve Bank of Australia’s decision to keep rates unchanged at 4.10% wasn’t a shock.
Markets had basically priced in no change, so the Aussie dollar didn’t really have anywhere to go after the announcement.
Asian markets in particular are positioned to react fast depending on how the data shapes expectations for Fed rate policy.
Frequently Asked Questions What did the Reserve Bank of Australia decide on interest rates?