RBA once again left cash rate on the record low of 1.5%. The accompanying statement from governor Lowe shows that the bank stays neutral. They are slightly more upbeat on the labour market and expect inflation to pick up gradually. Paragraph on Australian dollar remains in place.
Nothing shocking from them and, after some whipsaws on the release, AUD/USD appears to continue on the path of least resistance. Trendline, drawn off of June, July and August lows, is the support level to watch. 0.80 is…
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