AUD/USD: Appears I was somewhat over-optimistic

No change to rates and every analyst in the market will be poring over each written word in the statement. The spot market has already delivered its opinion; no change no change.

AUD/USD is trading where it was before the announcement after briefly dipping below 1.0200.

Edit: A closer look at the language, particularly the lack of focus on growth impacts of the high AUD, has given the AUD a modest bid tone and fresh intraday highs have been posted above 1.0230. Interest rate futures are now only pricing in a 38% chance of further rate cuts.

Sorry, no strong view on AUD/USD from here.