The Reserve Bank of Australia left the interest rate unchanged at 2%, as widely expected. What stands out is that the RBA sees the rise of the currency as at least partially reflecting the higher commodity prices. In general, a further appreciation would “complicate” things, but they certainly do not see worried at the moment. AUD/USD, which gradually lost ground towards the release, is on the rise, bouncing back above 0.76. On inflation, the team led by Glenn Stevens sees the low inflation as providing scope for further easier policy. At 2%, the level of the interest rate is at historic lows for the land down under, but it remains high in comparison to quite a few developed economies. Inflation is expected to remain low in the next year or two according to the RBA. On growth, they see growth continuing in the horizon. The prospects are “reasonable” according to central bank. All in all, the statement mostly repeats the previous statements, seeing stability for the time being. Given the recent strength of the Australian dollar, there were expectations for a higher level of complaints on the appreciation of the A$. Without such jawboning, the Aussie has room to the upside. Earlier, Australia reported a trade deficit of 3.41 billion, more than around 2.5 billion expected. The AiG services PMI dropped to 49.5, worse than 51.8 expected. In addition, a survey shows Australian businesses are the most pessimistic in two years. Here is how the recent moves look on the 30 minute chart: Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next USD/JPY falls to the lowest since 2014 Yohay Elam 7 years The Reserve Bank of Australia left the interest rate unchanged at 2%, as widely expected. What stands out is that the RBA sees the rise of the currency as at least partially reflecting the higher commodity prices. In general, a further appreciation would "complicate" things, but they certainly do not see worried at the moment. AUD/USD, which gradually lost ground towards the release, is on the rise, bouncing back above 0.76. On inflation, the team led by Glenn Stevens sees the low inflation as providing scope for further easier policy. At 2%, the level of the interest rate is at… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.