The Australian Dollar (AUD) was unable to push past highs around 0.6760 over the week against the US Dollar (USD) dropping back to 0.6700 levels as risk markets turned negative. RBA minutes from the 6th of August “remain” highlighting the central bank considered a rise to the interest rate but decided against this saying the interest rate may need to stay high for an extended time. On the downside support is seen at 0.6690 and 0.6620 as we head into day 2 tonight of the Jackson Hole Symposium.
The current interbank midrate is: AUDUSD 0.6708
The interbank range this week has been: AUDUSD 0.6650- 0.6760