{"id":10844,"date":"2010-07-06T08:40:07","date_gmt":"2010-07-06T12:40:07","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=10844"},"modified":"2010-07-06T08:40:07","modified_gmt":"2010-07-06T12:40:07","slug":"eur-and-aud-gain-on-positive-rba-outlook","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/07\/06\/eur-and-aud-gain-on-positive-rba-outlook\/","title":{"rendered":"EUR and AUD Gain on Positive RBA Outlook"},"content":{"rendered":"<p>The Reserve Bank of Australia (RBA) left its cash rate steady at  4.50% as expected, saying the global economy had continued to expand,  albeit unevenly, with growth in Asia very strong and signs of China  moderating to a more sustainable rate.<\/p>\n<p>The EUR and Australian dollar (AUD) rebounded from early losses  against the dollar and yen on Tuesday after a statement by the RBA  helped dispel some gloom about the economic outlook, which led to  short-covering. The Aussie stood 0.4% higher on the day at $0.8437 after  earlier dropping to test a support line at $0.8315, a low point set  last week.<\/p>\n<p>Against the yen it climbed 0.6% on the day at 74.08 after sliding as  far as 72.73. Global risk appetite has taken a beating in the past few  weeks on growing worries about the health of the euro zone&#8217;s banking  system, a slowdown in China and risks of a double-dip recession in the  United States.<\/p>\n<p><strong><em>Forex Market Analysis<\/em> provided by <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex                       Yard.<\/a><\/strong><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                       may not be suitable for all investors. There is a            possibility      that     you   could sustain a loss of all of    your         investment and      therefore  you     should  not  invest   money  that   you      cannot afford to      lose. You  should   be      aware of   all   the    risks   associated with   Foreign     Exchange    trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Reserve Bank of Australia (RBA) left its cash rate steady at 4.50% as expected, saying the global economy had continued to expand, albeit unevenly, with growth in Asia very strong and signs of China moderating to a more sustainable rate. The EUR and Australian dollar (AUD) rebounded from early losses against the dollar and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/07\/06\/eur-and-aud-gain-on-positive-rba-outlook\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;EUR and AUD Gain on Positive RBA Outlook&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-10844","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/10844","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=10844"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/10844\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=10844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=10844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=10844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}