The Australian dollar started the current trading session rising but reversed its movement at about 12:00 GMT and is trading near the opening levels as of now.
The Reserve Bank of Australia released minutes of its latest policy meeting today. While the policy makers were somewhat worried about the housing market, the minutes mostly echoed the optimistic view expressed by RBA Governor Phillip Lowe in yesterday’s speech.
Talking about the housing market, the House Price Index rose 2.2% in the March quarter from the previous three months. The growth was slower than in the preceding quarter but withing expectations.
AUD/USD rose from 0.7595 to 0.7623 intraday but backed off to 0.7590 as of 13:56 GMT today. EUR/AUD traded at about 1.4679 after opening at 1.4664 and falling to the daily low of 1.4625.
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