⛔️Market Impact: RBA Cash Rate Decision

• Over one year of RBA Cash Rate decision releases, the AUD/USD spot rate tends to perform positively, its upper bound reached 0.40% 30 minutes after the event

• Counting today's decision, the AUD has outperformed the dollar over the last three consecutive RBA rate decisions. Note: AUD/USD is off session highs after rising circa 50 pips

• Even as gains tend to be larger than losses for the Australian dollar on RBA days, the AUD/USD has closed down on 7 out of the last 11 meetings