AUD/USD: to come under pressure from RBA minutes? - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that the Australian dollar benefited from worldwide soaring stocks, rising against the greenback up to 0.7480, before retreating partially.

Key Quotes:

"The pair is finding some short term buying interest around 0.7450, the 38.2% retracement of this year's rally, but remains unable to confirm a clear breakout of the level. The RBA will release the Minutes of its latest meeting during the upcoming Asian session, whilst RBA Governor Debelle is due to speak about "Liquidity in Domestic Fixed Income Markets," in Sydney. There shouldn't be any surprise coming from the Minutes, although any comment refereeing to another possible rate cut over the near future should put the Aussie under selling pressure."