The market looks to be a little short AUD at the moment and we are seeing some mild short covering after the RBA statement. Policy is deemed as appropriate and it looks like we may be in for an extended period of rates pause.
3 Responses to “RBA statement shows little change in emphasis or language”
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AUTOREFRESH 
Sean, but i can see aud/cad is rallying… i had a short on that but seems i need to wait..
market still dont want to listen
… i also have short aud/usd… already closed a few trade but now still hold 1 trade to rally on short ..look like its cant be happen … but nothing to loss.. keep stop loss tight heheh..
Neutral statement but they note that underlying inflation is in the top of their target range. Notwithstanding another economic meltdown somewhere my belief is they still have a few toes in the hawk pond.