{"id":95527,"date":"2020-02-04T14:57:02","date_gmt":"2020-02-04T19:57:02","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=95527"},"modified":"2020-02-04T15:00:35","modified_gmt":"2020-02-04T20:00:35","slug":"102277-aud-usd-rba-and-coronavirus-scare-subsiding-help-aussie","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/102277-aud-usd-rba-and-coronavirus-scare-subsiding-help-aussie\/","title":{"rendered":"AUD\/USD: RBA and Coronavirus-Scare Subsiding Help Aussie"},"content":{"rendered":"

The Australian dollar<\/a> was higher against the US dollar<\/a> on Tuesday afternoon after the Reserve Bank of Australia decided to leave Australian interest rates unchanged and to take a relatively upbeat view on the economy and inflation. Additionally, a general rebound in risk sentiment surrounding the coronavirus-scare added to demand for the Aussie.<\/p>\n

AUD\/USD<\/a> was higher by 38 pips (+0.57%) to 0.6731 with a daily price range of 0.668 to 0.673 as of 3pm GMT. Today\u2019s gains have helped the currency pair find a temporary base just beneath 0.67 after falling narrowly by -0.04% on Monday.<\/p>\n

The Australian Dollar – RBA decided to keep interest rates on hold<\/h2>\n

The gains on Tuesday, if maintained will be first daily price gain in five for the Aussie dollar<\/a> against the greenback. Fears around the coronavirus started to subside on Monday with most of the market losses concentrated in mainland China. Global markets, including China rebounded further on Tuesday.<\/p>\n

Keeping interest rates<\/a> in Australia on hold was largely expected, though there were plenty of reasons to cut them, not least the bushfires and fears over the coronavirus. Instead the RBA took more of a wait-and-see approach. The RBA placed an emphasis on rising houses prices, and it was noted that consumer prices are expected to pick up in the coming months. Both would imply higher interest rates, not lower. The official statement from Governor Lowe said it is reasonable to expect an extended period of low interest rates. This would imply a 0.75% RBA Cash Rate Target for the time being.<\/p>\n

The US dollar<\/h2>\n

Rising same-store sales growth and surveys suggesting better business conditions add to a set of improving US economic data<\/a> that is propelling the US dollar higher of late. The Redbook index for January rose 5.7% y\/y up from 5.3% previously and the ISM-NY Business Conditions Index rose from a dire 39.1 to a more respectable 45.8. On Monday the ISM Manufacturing index pointed to expansion in January after contracting the previous five months. The easing of trade tensions since the US and China singed the phase one trade deal has improved American business optimism.<\/p>\n

\n
Currencylive.com<\/em> is a news site only and not a currency trading platform.<\/em><\/h6>\n
Currencylive.com is a site operated by TransferWise Inc. (“We”, “Us”), a Delaware Corporation. We do not guarantee that the website will operate in an uninterrupted or error-free manner or is free of viruses or other harmful components. The content on our site is provided for general information only and is not intended as an exhaustive treatment of its subject. We expressly disclaim any contractual or fiduciary relationship with you on the basis of the content of our site, any you may not rely thereon for any purpose. You should consult with qualified professionals or specialists before taking, or refraining from, any action on the basis of the content on our site. Although we make reasonable efforts to update the information on our site, we make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up to date, and DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Some of the content posted on this site has been commissioned by Us, but is the work of independent contractors. These contractors are not employees, workers, agents or partners of TransferWise and they do not hold themselves out as one. The information and content posted by these independent contractors have not been verified or approved by Us. The views expressed by these independent contractors on currencylive.com do not represent our views.<\/em><\/h6>\n","protected":false},"excerpt":{"rendered":"

The Australian dollar was higher against the US dollar on Tuesday afternoon after the Reserve Bank of Australia decided to leave Australian interest rates unchanged and to take a relatively upbeat view on the economy and inflation. Additionally, a general rebound in risk sentiment surrounding the coronavirus-scare added to demand for the Aussie. AUD\/USD was […]<\/p>\n","protected":false},"author":163946598,"featured_media":3089,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1547,1381],"tags":[1540,2059,2139,1629,1614,1542,1398],"class_list":{"0":"post-95527","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-aud","8":"category-usd","9":"tag-aud","10":"tag-bushfires","11":"tag-coronavirus","12":"tag-economics","13":"tag-interest-rate","14":"tag-rba","15":"tag-usd"},"acf":[],"yoast_head":"\nAUD\/USD: RBA and Coronavirus-Scare Subsiding Help Aussie - Currency Live<\/title>\n<meta name=\"description\" content=\"AUD was higher against the USD on Tuesday afternoon after the RBA decided to leave Australian interest rates unchanged and to take a relatively upbeat view on the economy and inflation\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/102277-aud-usd-rba-and-coronavirus-scare-subsiding-help-aussie\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ileana Ionescu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102277-aud-usd-rba-and-coronavirus-scare-subsiding-help-aussie\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102277-aud-usd-rba-and-coronavirus-scare-subsiding-help-aussie\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"AUD\\\/USD: RBA and Coronavirus-Scare Subsiding Help Aussie\",\"datePublished\":\"2020-02-04T19:57:02+00:00\",\"dateModified\":\"2020-02-04T20:00:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102277-aud-usd-rba-and-coronavirus-scare-subsiding-help-aussie\\\/\"},\"wordCount\":601,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102277-aud-usd-rba-and-coronavirus-scare-subsiding-help-aussie\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100028-aud-up-gbp-china-silk-road.jpg\",\"keywords\":[\"aud\",\"bushfires\",\"coronavirus\",\"economics\",\"interest rate\",\"rba\",\"usd\"],\"articleSection\":[\"AUD\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102277-aud-usd-rba-and-coronavirus-scare-subsiding-help-aussie\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102277-aud-usd-rba-and-coronavirus-scare-subsiding-help-aussie\\\/\",\"name\":\"AUD\\\/USD: RBA and Coronavirus-Scare Subsiding Help Aussie - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102277-aud-usd-rba-and-coronavirus-scare-subsiding-help-aussie\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102277-aud-usd-rba-and-coronavirus-scare-subsiding-help-aussie\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100028-aud-up-gbp-china-silk-road.jpg\",\"datePublished\":\"2020-02-04T19:57:02+00:00\",\"dateModified\":\"2020-02-04T20:00:35+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"description\":\"AUD was higher against the USD on Tuesday afternoon after the RBA decided to leave Australian interest rates unchanged and to take a relatively upbeat view on the economy and inflation\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102277-aud-usd-rba-and-coronavirus-scare-subsiding-help-aussie\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/102277-aud-usd-rba-and-coronavirus-scare-subsiding-help-aussie\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102277-aud-usd-rba-and-coronavirus-scare-subsiding-help-aussie\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100028-aud-up-gbp-china-silk-road.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100028-aud-up-gbp-china-silk-road.jpg\",\"width\":800,\"height\":405,\"caption\":\"australian-dollar-coin - AUD\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102277-aud-usd-rba-and-coronavirus-scare-subsiding-help-aussie\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"AUD\\\/USD: RBA and Coronavirus-Scare Subsiding Help Aussie\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\",\"name\":\"Currency Live\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/currencylive.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\",\"name\":\"Ileana Ionescu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g\",\"caption\":\"Ileana Ionescu\"},\"description\":\"With a background in business journalism, Ileana works as a Junior Market Analyst for Currency Live and creates content that brings transparency to our audience. Originally from Bucharest, Ileana most commonly transfers EUR to RON and speaks Romanian, English, Italian, Spanish and German.\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/ileana-ionescu\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"AUD\/USD: RBA and Coronavirus-Scare Subsiding Help Aussie - Currency Live","description":"AUD was higher against the USD on Tuesday afternoon after the RBA decided to leave Australian interest rates unchanged and to take a relatively upbeat view on the economy and inflation","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/currencylive.com\/news\/102277-aud-usd-rba-and-coronavirus-scare-subsiding-help-aussie\/","twitter_misc":{"Written by":"Ileana Ionescu","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/102277-aud-usd-rba-and-coronavirus-scare-subsiding-help-aussie\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/102277-aud-usd-rba-and-coronavirus-scare-subsiding-help-aussie\/"},"author":{"name":"Ileana Ionescu","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"headline":"AUD\/USD: RBA and Coronavirus-Scare Subsiding Help Aussie","datePublished":"2020-02-04T19:57:02+00:00","dateModified":"2020-02-04T20:00:35+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/102277-aud-usd-rba-and-coronavirus-scare-subsiding-help-aussie\/"},"wordCount":601,"image":{"@id":"https:\/\/currencylive.com\/news\/102277-aud-usd-rba-and-coronavirus-scare-subsiding-help-aussie\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100028-aud-up-gbp-china-silk-road.jpg","keywords":["aud","bushfires","coronavirus","economics","interest rate","rba","usd"],"articleSection":["AUD","USD"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/102277-aud-usd-rba-and-coronavirus-scare-subsiding-help-aussie\/","url":"https:\/\/currencylive.com\/news\/102277-aud-usd-rba-and-coronavirus-scare-subsiding-help-aussie\/","name":"AUD\/USD: RBA and Coronavirus-Scare Subsiding Help Aussie - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/102277-aud-usd-rba-and-coronavirus-scare-subsiding-help-aussie\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/102277-aud-usd-rba-and-coronavirus-scare-subsiding-help-aussie\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100028-aud-up-gbp-china-silk-road.jpg","datePublished":"2020-02-04T19:57:02+00:00","dateModified":"2020-02-04T20:00:35+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"description":"AUD was higher against the USD on Tuesday afternoon after the RBA decided to leave Australian interest rates unchanged and to take a relatively upbeat view on the economy and inflation","breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/102277-aud-usd-rba-and-coronavirus-scare-subsiding-help-aussie\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/102277-aud-usd-rba-and-coronavirus-scare-subsiding-help-aussie\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/102277-aud-usd-rba-and-coronavirus-scare-subsiding-help-aussie\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100028-aud-up-gbp-china-silk-road.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100028-aud-up-gbp-china-silk-road.jpg","width":800,"height":405,"caption":"australian-dollar-coin - AUD"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/102277-aud-usd-rba-and-coronavirus-scare-subsiding-help-aussie\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"AUD\/USD: RBA and Coronavirus-Scare Subsiding Help Aussie"}]},{"@type":"WebSite","@id":"https:\/\/currencylive.com\/news\/#website","url":"https:\/\/currencylive.com\/news\/","name":"Currency Live","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/currencylive.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b","name":"Ileana Ionescu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","caption":"Ileana Ionescu"},"description":"With a background in business journalism, Ileana works as a Junior Market Analyst for Currency Live and creates content that brings transparency to our audience. Originally from Bucharest, Ileana most commonly transfers EUR to RON and speaks Romanian, English, Italian, Spanish and German.","url":"https:\/\/currencylive.com\/news\/author\/ileana-ionescu\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100028-aud-up-gbp-china-silk-road.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/95527","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/users\/163946598"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=95527"}],"version-history":[{"count":3,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/95527\/revisions"}],"predecessor-version":[{"id":95530,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/95527\/revisions\/95530"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/3089"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=95527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=95527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=95527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}