Sunday, 18 October 2020

AUD/USD Eyes September Low on More Detailed RBA Forward Guidance

AUD/USD appears to be on track to test the September low (0.7006) as RBA Governor Lowe pledges to not increase the official cash rate (OCR) “for at least three years.”

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...