AUD/USD recovered from a drop to 0.7194 this morning after the RBA held the cash rate at 1.50% while acknowledging that the downside risks to growth have increased. Pair was seen inching up to Monday's highs of 0.7254, as no clear dovish tilt in language was seen. The RBA repeated that further progress in reducing unemployment and having inflation return to target is expected, although this progress is likely to be gradual. AUD/NZD spiked up to 1.0519 from 1.0457 after the announcement.
Central Banks February 05, 2019 / 04:03 am UTC
AUD/USD, AUD/NZD Flows: AUD Reversed Drop as RBA Holds
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