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AUDUSD Pivots on RBA & LOWE – Video Analysis

Market Analysis

AUDUSD Pivots on RBA & LOWE – AUDUSD saw some whippy price action into and after the RBA policy announcement and statement. USDCAD has settled around 1.2400, above the 26-month low that was seen on Friday at 1.2339. The weak U.S. August jobs report weighed on the pairing. USDCAD has fallen by over 6% on the year-to-date, reflecting a rebalancing of the Canadian economy as the drag from the oil price shock phased out.

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Stuart Cowell

Senior Market Analyst


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