Australian Dollar remains stronger following RBA Meeting Minutes
The Australian Dollar (AUD) strengthens for a fifth straight session against the US Dollar (USD) on Tuesday (15/4). The AUD/USD pair continued to gain momentum after US President Donald Trump exempted key technology products from his new “reciprocal” tariffs, lifting global risk sentiment.
The exemptions cover items largely produced in China—such as smartphones, computers, semiconductors, solar cells, and flat-panel displays—offering a boost to the AUD, as China remains Australia’s largest trading partner and a major consumer of its commodities.
Minutes from the Reserve Bank of Australia's (RBA) March 31–April 1 meeting suggested that the timing of the next interest rate move remains uncertain. While the Board noted that the May meeting would be an appropriate time to reassess policy, it emphasized that no decision had been predetermined.
Members acknowledged that global uncertainty, particularly surrounding US tariffs, could significantly affect the outlook. The Board also highlighted both upside and downside risks to the Australian economy and inflation.
Australia’s 10-year government bond yield slipped to approximately 4.33%. While the Reserve Bank of Australia (RBA) kept interest rates unchanged this month, it struck a more dovish tone on future cuts, pointing to easing core inflation. Markets are currently factoring in a 25-basis point cut in May and anticipate around 120 basis points of total easing over the course of the year.
Source: FXStreet
