mardi 7 avril 2015
Aussie Moving Before RBA Third Month Spurs Regulator’s Probe
Posted on 03:06 by nice news
Australia’s securities regulator will investigate Tuesday’s surge in the local dollar that came before a monetary policy statement. It’s the third such currency move in as many central bank meetings.
The Aussie jumped 0.7 percent in the seven seconds before the RBA statement was released at 2:30 p.m. in Sydney, data compiled by Bloomberg show. It rose as much as 1.6 percent to 77.11 cents as the central bank held interest rates unchanged, confounding swaps traders that had seen better than 70 percent odds for a reduction.
“ASIC confirms it will investigate a spike in the Australian dollar shortly before the Reserve Bank’s monetary policy decision today,” the Australian Securities and Investment Commission said on Tuesday. “ASIC is also investigating foreign exchange movements shortly before the RBA’s announcements in February and March 2015.”
The Aussie jumped 0.7 percent in the seven seconds before the RBA statement was released at 2:30 p.m. in Sydney, data compiled by Bloomberg show. It rose as much as 1.6 percent to 77.11 cents as the central bank held interest rates unchanged, confounding swaps traders that had seen better than 70 percent odds for a reduction.
“ASIC confirms it will investigate a spike in the Australian dollar shortly before the Reserve Bank’s monetary policy decision today,” the Australian Securities and Investment Commission said on Tuesday. “ASIC is also investigating foreign exchange movements shortly before the RBA’s announcements in February and March 2015.”
Aussie Moving Before RBA Third Month Spurs Regulator’s Probe
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