Flash: AUD/USD; nothing new from the RBA

FXstreet.com (London) - Strategists at TD Securities said, as widely expected the RBA kept the policy rate steady overnight and perhaps the only small surprise was that they made no changes to their communique.

Key Quotes:

“They continued to take a swipe at the AUD by calling the currency ‘uncomfortably high’ despite the significant slide in recent months, and the AUD sold off as a result”.

“A better than expected retail sales report later in the session reversed those losses, although in a broader sense we still think the Fed’s QE policy is the more important driver of AUD/USD in the coming months”.