FOMC left interest rate corridor unchanged and provided no explicit guidance as to the next hike. That was largely expected but what stood out was that there was not a single hawkish dissent.

Australian dollar needed little excuse to rally. Release of better than expected Trade Balance and Building Approvals coincided with the break above 0.76. The pair extended its gains in the morning and broke above 2011 - 2016 support/resistance line. 0.76 should now act as a support.

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