You read it here first when the RBA intervened Friday morning to buy AUD/USD during New York hours via Reuters Matching, an interbank trading platform. The RBA confirmed its intervention on the Reuters wire a short while ago, and said it will intervene to support illiquid markets.
EUR/USD and USD/JPY have both recovered early losses. USD/JPY is at 93.85 after a dip below 92.00 in early Asian trade. EUR/USD trades at session highs of 1.2666 with dealers concerned that other countries could intervene to support their currencies in addition to the Aussies.
