AUD/USD Rises Following RBA Meeting Minutes

The Australian Dollar (AUD) is showing a strong performance, following the release of the latest Reserve Bank of Australia (RBA) meeting minutes.

During the meeting, RBA board members noted that the COVID-19 downturn had not been as severe as earlier expected and a recovery was under way in most of Australia.

Accordingly, the central bank has ruled out further policy easing, viewing its current policy and rates as adequate, and vowing to keep them in place as long as needed.

The recovery was, however, likely to be slower than earlier expected.

The AUD/USD is up by 0.30%, trading at 7234.