AUDUSD Exchange Rate

The Reserve Bank of Australia kept its key interest rate unchanged in the first policy session chaired by the new governor Michele Bullock as policymakers assessed that the past rate hikes are working to bring inflation down to the target. The RBA policy board decided to maintain the cash rate target at 4.10 percent, in line with economists' expectations.

Commodity currencies such as the Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Tuesday, as the strength of the U.S. dollar against major currencies in the region and a surge in treasury yields to its highest level in almost sixteen years has caused Asian stock markets to trade sharply lower.

The Australian dollar weakened against other major currencies in the Asian session on Tuesday.

At 11:30 pm ET in the early Asian session on Tuesday, the Reserve Bank of Australia announced its monetary policy decision. As expected, the RBA kept its benchmark lending rate unchanged at 4.10 percent.

Join Luca Santos, Technical Market Analyst, in this insightful video as he delves into the AUDUSD currency pair and explores whether the downtrend will persist, especially in light of the recent decision by the Reserve Bank of Australia (RBA) to keep interest rates unchanged.

Nathan Bray reviews some recent trade set ups in the light of the RBA keeping rates on hold at 4.1%. See what the key trading levels that were discussed and posted on the ACY Securities Live Interactive trading Feed have played out in the past few weeks. He has a look at he AUDUSD, EURUSD and the S&P500.

In a staunch show of strength, the dollar advances due to the market consensus towards the Fed maintaining elevated interest rates to combat persistent inflation.

Global equity markets surged when the threat of a U.S. government shutdown was averted. The dollar index held steady, while U.S. treasuries maintained robust levels.