FXstreet.com (San Francisco) - The Australian and New Zealand dollars continue to trade at multi-month highs versus their U.S. counterpart this Tuesday in Asia, lifted by improved risk sentiment as investors await an RBA policy meeting, which is expected to see Australian rates left on hold at 3.5%.
The RBA decision at 04:30 GMT will be key risk event for AUD today, and AUD/USD has inched back up to recent 5-month highs in the 1.0590 price zone. NZD/USD is also trading at fresh session highs, having just climbed to as high as 0.8220.
Versus the British pound, Aussie has rallied to fresh 6-month highs, as GBP/AUD dips below support around 1.4725 to extend as low as 1.4720, a price not seen since Feb 29. AUD/JPY is cautiously bid at present, last at 82.80 vs. 82.60.
Asian shares are little changed ahead of Australia’s central bank meeting, but trade in green. Japan 225 has added 51.21 points, or 0.59% to 8777.50. S&P/ASX 200 is quoted at 4288.30, having gained 15.71 points, or 0.37%. Hang Sen 40 is up 69.28 points, or 0.35% to 20068.00. S&P CNX Nifty has rallied 66.85 points, or 1.28% to 5282.55.
The RBA decision at 04:30 GMT will be key risk event for AUD today, and AUD/USD has inched back up to recent 5-month highs in the 1.0590 price zone. NZD/USD is also trading at fresh session highs, having just climbed to as high as 0.8220.
Versus the British pound, Aussie has rallied to fresh 6-month highs, as GBP/AUD dips below support around 1.4725 to extend as low as 1.4720, a price not seen since Feb 29. AUD/JPY is cautiously bid at present, last at 82.80 vs. 82.60.
Asian shares are little changed ahead of Australia’s central bank meeting, but trade in green. Japan 225 has added 51.21 points, or 0.59% to 8777.50. S&P/ASX 200 is quoted at 4288.30, having gained 15.71 points, or 0.37%. Hang Sen 40 is up 69.28 points, or 0.35% to 20068.00. S&P CNX Nifty has rallied 66.85 points, or 1.28% to 5282.55.
