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AUD/USD hits fresh 2016 highs, then retreats on RBA minutes
The AUD/USD pair regained momentum and hit fresh 2016 highs following the release of the minutes of RBA April meeting, despite the document reflecting a more dovish bias. AUD/USD finds fresh bids near 0.7765 Currently, the AUD/USD pair now rises 0.27% to 0.7770, easing slightly from fresh ten-month highs of 0.7784 reached post-minutes release. The Aussie remains strongly bid as the RBA minutes displayed an optimistic view on the economy, while talked down slightly on the AUD level and left more scope for easing in the upcoming months. The AUD/USD pair keeps gains and consolidates near yearly highs as broad based US ... (full story)
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