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AUD/USD lifts after RBA leaves interest rates unchanged at 4.35%

Earlier this morning the Reserve Bank of Australia decided to leave its current OCR on hold at 4.35%. The outcome was widely expected by the markets, but the RBA did issue something of a hawkish statement accompanying the decision and that has helped to lift the AUD/USD. Yesterday the Aussie had gotten pretty beaten up by the further gains in the US dollar. The AUD/USD had fallen back to as low as 0.6469 yesterday afternoon and later closed in the US at 0.6483. It has rebounded to a session high so far this morning, following that RBA decision, at 0.6521 The rebound has also been helped by the surge in Chinese stocks today, following what was clear remedial intervention from the PBOC earlier. I did note that was underway yesterday too. The AUD/USD is currently trading at 0.6517

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