RBA’s Lowe reiterates, “The board is prepared to be patient”, AUD/USD stays pressured

“We have scope to wait and see how the data develop and how some of the uncertainties are resolved,” said Reserve Bank of Australia (RBA) Governor Philip Lowe during a testimony at a virtual hearing before the House of Representatives Standing Committee on Economics on early Friday morning in Asia-Pacific region.

More to come…

AUD/USD

AUD/USD keeps the latest pullback from three-week high following the downbeat statements from RBA’s Lowe. The risk barometer’s previous declines could be linked to the strong US inflation data.

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