Sentiment on OpenBook for the AUD/USD pair is predominantly bullish with investors buying the pair at the dip, now that the Reserve Bank of Australia offered a 50 basis points reduction in the cash rate – double what the consensus of analysts had been expecting. While the AUD/USD pair is currently lower by nearly 1%, the Aussie Dollar is in fact broadly softer, down more than 1.10% against the Japanese Yen, and a nearly equivalent move against the Euro. Read more
Forex