AUD/USD has spiked around 10 pips on the 5-min charts on the RBA minutes and is currently, AUD/USD is trading at 0.7712, down -0.07% on the day, having posted a daily high at 0.7722 and low at 0.7698.
RBA minutes repeats rising AUD would slow economy and a pick up in inflation. The low rates are playing a part in lowering unemployment, lifting inflation and the RBA repeats that further progress on policy goals likely to be only gradual.
As for price action overnight, the commodity sector copper and iron-ore dived and took the Aussie on the offer for a temporary phase, but the bulls stuck to their game plan despite the trade war angst and rallied from the dip below the 0.77 when the DXY sold off to below the 90.00 handle (yields slide). AUD/USD made a high of 0.7725 and a close of 0.7709.
Source : FXstreet