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AUD/USD Testing Below 0.7200 as RBA Rate Call Looms


Tuesday, 4 September 2018 09:24 WIB

AUD/USD,


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The AUD/USD is trading to the downside in the early Tuesday Asian market session as the Reserve Bank of Australia's (RBA) rate statement heads this way.

The Aussie is dropping below 0.7200 ahead of the RBA's latest rate decision at 04:30 GMT, and yesterday's bullish drift saw little momentum, and the pair remains trapped near 2018 lows.

The heavy economic data for Australia will be continuing through the rest of the week, with Aussie GDP figures due tomorrow and Australian Trade Balance numbers on Thursday. The RBA is seen holding steady on rates for the foreseeable future, but traders will be looking for any adjustments to the central bank's policy statements.

Source : FX Street


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