AUD/USD stays below 0.6800 ahead of RBA minutes


  • AUD/USD clings to sub-0.6800 as traders await fresh directions from RBA minutes.
  • Recovery in the market’s risk-tone confronts overall greenback strength.
  • Trade jitter continues despite the US efforts.

With the improvement in global risk sentiment and the US Dollar (USD) rise confusing the Aussie traders, the AUD/USD pair seesaws near 0.6765 during early Tuesday morning in Asia.

On Monday, investors welcomed China’s step towards free-floating currency and Germany’s readiness to announce fiscal measures while the news that the US delaying restrictions on China’s Huawei offered additional upside momentum to the risk-tone.

As a result, equities recovered some of the previous losses while bond yields also rose with the US 10-year treasury yield marking nearly 7 basis points (bps) of increase.

Investors will now keep an eye over the Reserve Bank of Australia’s (RBA) monetary policy meeting minutes for the August 06 decision, up for publishing at 01:30 GMT. Although the central bank didn’t alter its monetary policy at the meeting, clues for further rate cuts and/or dovish economic outlook can further please Aussie sellers.

Additionally, trade/political news will continue entertaining market players post-minutes as no major data/events appear on the economic calendar then after.

Technical Analysis

0.6750/45 and 0.6735 will be on the sellers’ radar unless the quote rallies beyond 0.6822, which in turn opens the door for a fresh leg up to June low surrounding 0.6831 and then to May bottom near 0.6860.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD struggling to hold onto 1.10 as USD gains ground

EUR/USD is trading close to 1.10, as the US dollar gradually advances. Two White House advisers expressed contradicting accounts of US-Sino trade talks, causing confusion. Germany refrained from adding fiscal stimulus.

EUR/USD News

GBP/USD trades around 1.25 as EU pours cold water on Brexit hopes

GBP/USD is trading around 1.25, off the two-month highs of 1.2582 as EU officials cast doubts about the seriousness of the new UK proposals on Brexit. 

GBP/USD News

USD/JPY drops to one-week lows on trade war headlines

The USD/JPY fell during the American session following reports that the Montana Farm Bureau said China's delegation has canceled a planned trip to view US agriculture.

USD/JPY News

Gold climbs further beyond $1500 mark, lacks follow-through

Gold edged higher for the second consecutive session on Friday, albeit remained well within a familiar trading range held over the past two weeks or so.

Gold News

Top 3 price prediction Bitcoin, Ripple, Ethereum: Ethereum points to the Moon as Bitcoin takes a break

ETH/USD exceeds $220 and is bidding to lead the market. Bitcoin sets a bear trap and recaptures $10,000. XRP stalls between technical levels and fails to consolidate $0.30.

Read more

Forex MAJORS

Cryptocurrencies

Signatures