Aussie rebounds during Asia trade after RBA minutes
On Tuesday, the Australian dollar rebounded during Asia trade following comments from the major bank chief as well as the publication of minutes from the October review, telling that updated forecasts on jobs as well as inflation will back any policy decisions in the next board review, noting positive mining data.
The currency pair AUD/USD was worth 0.7664, ascending 0.45%, while USD/JPY traded at 103.85, tumbling 0.05%. GBP/USD demonstrated strength in Asia, surging 0.50% to 1.2245.
Aside from that there were comments from Fed Vice Chair Stanley Fischer, announcing that the major bank is very close to job and also price targets, expected to trigger a rate increase.
Earlier on Tuesday, Reserve Bank of Australia Governor Philip Lowe told that the third quarter inflation figures are going to be a crucial indication of inflation expectations, that have clearly dropped recently and there’s a need to guard against them dipping further.