Flash: AUD “…uncomfortably high” – Rabobank

FXstreet.com (London) - Research teams at Rabobank noted that, overnight, the RBA left rates on hold at 2.50%.

Key Quotes:

“Although this decision was fully expected, the accompanying statement that “AUD is still uncomfortably high” pushed AUD/USD lower but the pair only managed to reach the 61.8% Fibonacci retracement of Monday’s move before bouncing back to the 38.2% level where AUD/USD stands now at around 0.9485”.