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AUD/USD lost its traction after climbing to 0.7750 area. US Dollar Index posts small daily gains around 92.00. Investors await 10-year US note auction at
2/15/2021 9:54:46 AM GMT
Major central bank rundown
The central banks are listed below with their current state of play. The link for each central bank is included in the title of the bank and the next scheduled meeting is in the title too.
Reserve Bank of Australia, Governor Phillip Lowe, 0.10%, Meets 02 March
The Reserve Bank of Australia met on February the 02 and delivered a surprise to the markets. They kept the interest rate and the 3yr bond yield target unchanged at 0.10%. This was as expected. Like December’s meeting the RBA noted that the recent economic recovery had been based on significant fiscal and monetary support. The RBA said they will not increase interest rates until actual inflation is above the 2-3% target range. This means that interest rates are expected to stay as they are until 2024. There was, however, a change. That change to monetary policy was the expansion of the RBA’s bond purchases. Bond purchases were extended by $AUD100 billion. This was slig