In line with expectations, RBA once again held cash rate on the record low of 1.5%. The statement from governor Lowe was longer than usual, though the message didn't differ much from the previous one. There was a whole new paragraph dedicated to Australian dollar and how its strength would not benefit the economy.

The pair dropped about 20 pips instantly and then squeezed higher but wasn't able to overcome overnight high. Sellers stepped back in and the pair is currently trading just below 0.80. The big figure could serve as a decent bull/bear line in sand.

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