Share:
RBA Minutes hinted at an ultra-loose monetary policy at least until 2024.
US indexes edged lower after struggling to post some gains.
AUD/USD trades lower in range and could accelerate its decline once below 0.7690.
The AUD/USD pair is pretty much unchanged, around 0.7750 for a second consecutive day, as investors struggled with mostly discouraging news. The pair fell intraday to 0.7710, as the Minutes of the latest Reserve Bank of Australia meeting showed that policymakers are committed to maintaining the ultra-loose monetary policy, as they don’t expect a tight enough labour market before 2024. On inflation, the central bank will look through “transitory fluctuations,” adding that they expect it to remain subdued for several years.