AUD still an attractive investment - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that, as expected, the Reserve Bank of Australia cut its cash rate by 25bps to a record low of 1.5% during the past Asian session, leading to a short-lived decline in the Aussie.

Key Quotes:

"The AUD/USD pair fell to 0.7485, but quickly recovered ground, rallying up to 0.7637 to end the day around 0.7600.

Despite the cut, rates are among the highest among major economies, and in a world where central bankers are pushing rates into negative territory, the Aussie stands out as an attractive investment, due to rates' differentials."