RBA Rate Hold Keeps AUD Risks Alive, TD Securities Warns
The Reserve Bank of Australia left its cash rate unchanged at 4.35% in a unanimous decision, but TD Securities analysts note the statement and forecasts were less hawkish than prior communications.
AUDUSD
The Reserve Bank of Australia held its cash rate at 4.35% in a unanimous decision, as expected. According to TD Securities strategists Prashant Newnaha and Alex Loo, the accompanying statement and updated economic forecasts struck a less hawkish tone than previous communications.
The analysts warn that the central bank's more cautious posture keeps downside risks alive for the Australian dollar. Markets may reassess the near-term rate path, leaving AUD/USD vulnerable to selling pressure.
Source: FXStreet Forex News