- RBA: $AUD adjusting to significant declines in commodity prices. Economic, financial conditions to inform policy stance.
- RBA: Monetary policy needs to be accommodative; board judged leaving cash rate unchanged was appropriate.
- RBA: Sees inflation consistent with target next 1-2 years. Economy growing at rate below longer-term average.
- RBA: Economy likely to have spare capacity for some time, credit recording moderate growth overall.
- RBA: Regulatory measures helping contain housing risks.
- AUD/USD jumps above $0.7100 level after the Rate decision, currently trading at $0.7119 levels and High at $0.71221 levels.
- Major Support is seen at $0.6935 levels.
- Initial resistance are seen at $0.7157 and $0.7278 levels.
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