Aussie Moving Before RBA Third Month Spurs Regulator’s Probe

From bloomberg.com

Australia’s securities regulator will investigate Tuesday’s surge in the local dollar that came before a monetary policy statement. It’s the third such currency move in as many central bank meetings. The Aussie jumped 0.7 percent in the seven seconds before the RBA statement was released at 2:30 p.m. in Sydney, data compiled by Bloomberg show. It rose as much as 1.6 percent to 77.11 cents as the central bank held interest rates unchanged, confounding swaps traders that had seen better than 70 percent odds for a reduction. “ASIC confirms it will investigate a spike in the Australian dollar shortly before the ... (full story)