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RBA: One source of uncertainty remains a further setback on the health front
RBA: ONE SIGNIFICANT SOURCE OF UNCERTAINTY REMAINS THE POSSIBILITY OF A FURTHER SETBACK ON THE HEALTH FRONT.
— Breaking Market News (@financialjuice) November 2, 2021
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Australian Dollar fell despite #RBA scrapping YCC target on the April 2024 bond
— Daniel Dubrovsky (@ddubrovskyFX) November 2, 2021
This was likely priced in given that last week they didn't tame rising front-end rates
Their patient stance on rates seems to be the disappointment to #AUD $AUDUSD - https://t.co/9dRVhW5ZG8 pic.twitter.com/gO2ji8FWTD
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Australian dollar lower in the wake of the RBA decision
AUD/USD dropped under 0.7500 and is straddling there as I post. (The heads up to the downside risk was provided earlier here: • What You Should Know About the Stages of Grief - RBA monetary policy preview edition ) Post on the RBA statement is here: • RBA November 2 monetary policy announcement - ends April 2024 Bond 0.1% target AND ICYMI buried in all that guff, RBA Governor Lowe press conference coming up at 4pm Sydney time, which is 0500 GMT