AUD/USD drops towards 0.7000 as RBA tames immediate rate-hike concerns despite ceasing QE By anilpanchal7 AUDUSD RBA RiskAppetite YieldCurve PMI
ntitative Easing on early Tuesday. In doing so, the Aussie pair drops around 0.45% intraday with an immediate fall of near 50-pips following the RBA verdict.drowned AUD/USD prices even as the Aussie central banker announced the official end of the bond purchase program, while keeping the benchmark interest rate unchanged at around 0.10%. The reason could be linked to the comments like, “Ceasing purchases under the bond purchase program does not imply a near-term increase in interest rates.
Against this backdrop, the US 10-year Treasury yields remain sluggish around 1.77% whereas the S&P 500 Futures drop 0.45% intraday whereas the Asia-Pacific shares trade mixed amid off in China and Hong Kong.
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