Looking for AUD/USD Trade Indicators? This Latest Minute Has the Answer!
<p> Gracing the Asian market session today was the release of the Reserve Bank of Australia's (RBA) meeting minutes report for the July edition of the policy meeting.</p><p><br /></p><p>Earlier this month, the central bank decided to keep its interest rate unchanged at 4.10%.</p><p><br /></p><p>Minutes published this morning showed policymakers had considered whether to raise rates by 25 basis points or keep them unchanged at the meeting.</p><p><br /></p><p>Although there is a strong case for both options, policymakers ultimately chose to keep interest rates at current levels.</p><p><br /></p><p>Even so, they agreed that some further tightening may be necessary and will reassess the economic situation at the August meeting.</p><p><br /></p><p><br /></p><p>Also at the meeting, policymakers discussed the economic risks and consumption could be slower than expected.</p><p><br /></p><p>He added that pressure on household finances and unemployment risked increasing more than necessary.</p><p><br /></p><p>The conclusion from the minutes was that the RBA left the 'door open' for further hikes to help inflation return to target within a reasonable time frame.</p><p><br /></p><p>Following the publication, the Aussie dollar found support to rise to around 0.6830 against the US dollar.</p>
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