XE Market Analysis: Europe – Nov 07, 2017

Dollar majors have continued to ply narrow ranges for the most part. EUR-USD side-lined in the low 1.16s. AUD-USD and USD-JPY saw a little more movement. The former lifted in the immediate wake of the RBA policy announcement and statement, with the central bank leaving interest rates unchanged (cash rate at 1.5%) while leaving guidance and forecasts unchanged. AUD-USD ran up by about 20 pips to a 0.7701 high before stalling and turning lower, to sub-0.7670 levels.