Aussie dollar higher after RBA
AUDUSD posting new session highs of 0.9042 as some stops triggered through 0.9035
Falling back a little as I type
Like some of the comments I do think the rally should be limited given the references to “further adjustment” to policy and “AUD could fall further” but markets keen to cover shorts at the very least for the moment.
The fact that he’s omitted the “scope for further easing” passage from the statement is the main take-away. Eamonn gave the pointers on what to look for here
Sell orders seen at 0.9050