The economic climate in Australia is getting worse and worse, as the August PMI released on Monday proved.
Today gave us the latest monetary policy meeting of the RBA. As expected, the central bank kept interest rates unchanged, confirming the target yield for the three-year government bond and the Term Finance Facility at 0.10 percent.
The Aussie Dollar traded higher against its US counterpart on Thursday but remained well within yesterday’s range which suggests investors are undecided on whether the AUDUSD has what it takes to finally break through the 0.78 level convincingly.