XE Market Analysis: Europe – Sep 15, 2015

The AUD came under pressure as the RBA minutes to the Sep-1 meeting took stock of “below average” economic growth while highlighting increased downward risks to the outlook from overseas developments. AUD-USD, which had extended its recent rebound to a new two-week high of 0.7166 ahead of the minutes, tumbled to the low 0.71s. The BoJ, meanwhile, left its ultra-accommodative policies unchanged at is meeting today, but noted that exports and production in the Japanese economy were being pressured by slowing emerging market demand.