7 Feb 2014
AUD/USD gains momentum after RBA statement
FXStreet (Córdoba) - The AUD/USD rose from 0.8945 to 0.8972 after the release of the Monetary Policy Statement of the RBA. The central bank rose the CPI forecast from 2.0% - 3.0% to 2.25% - 3.25% and the GDP from 2.5% to 2.75%.
The Aussie gained momentum across the board after the release, reaching fresh daily highs.
At the moment of writing the AUD/USD is trading at 0.8964, up 0.04% for the day so far. After peaking during the American session at 0.8977 the pair lost momentum and started to move to the downside. Early in Asia bottomed at 0.8941 before jumping to 0.8972.
The Aussie gained momentum across the board after the release, reaching fresh daily highs.
At the moment of writing the AUD/USD is trading at 0.8964, up 0.04% for the day so far. After peaking during the American session at 0.8977 the pair lost momentum and started to move to the downside. Early in Asia bottomed at 0.8941 before jumping to 0.8972.