Australian Dollar Edges Higher in Subdued Monday’s Trade

The Australian dollar gained against its most-traded peers during subdued trading in Monday’s trading session.

Today’s trading was subdued due to the President’s Day holiday in the United States. With no economic releases out of Australia to affect the currency, the Aussie joined other commodity currencies in a rally. The Reserve Bank of Australia will release minutes of its latest policy meeting at 00:30 GMT. Most experts anticipate the minutes to confirm the RBA’s neutral stance.

AUD/USD gained from 0.7906 to 0.7926 as of 11:07 GMT today. AUD/JPY rallied from 84.06 to 84.40.

If you have any questions, comments or opinions regarding the Australian Dollar,
feel free to post them using the commentary form below.

Leave a Reply

Your email address will not be published. Required fields are marked *