XE Market Analysis: Europe – Feb 05, 2019

The Australian Dollar rallied after the RBA refrained from aping the Fed’s dovish turn following its policy meeting today, where it left the cash rate at the record low 1.50%, as widely anticipated. Elsewhere, the Dollar held mostly firm, edging out a 13-day high versus the Pound and eking out a one-week high versus the Euro, with EUR-USD printing a low at 1.1422. USD-JPY held little more than a 25 pip range, printing an intraday high at 110.04 before ebbing back under 110.0, leaving yesterday’s five-week high at 110.16 unchallenged.