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Forex Flash: AUD/USD wanes in aftermath of steady RBA – UBS

The RBA left the policy rate on hold at a record low of 3.0%, very much in line with consensus opinion. However, the explicit easing bias was kept in place, triggered a 40-pip selloff in the AUD/USD. According to Research Analyst Gareth Berry at UBS, “Although the current policy settings were deemed to be appropriate today, the inflation outlook would afford scope to ease policy further, should that be necessary to support demand.”
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Forex: USD/CAD trading near session highs at 0.9991/92

The USD/CAD has traded in an extremely narrow 22-pip range Tuesday (0.9974 - 0.9996) as the pair inches up towards parity in recent moments. Following a move towards fresh session highs, the cross is now operating at the 0.9991/92 level during European trading.
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