The RBA is caught in-between two economic extremes, which made them keep the rates unchanged. The Euro and Pound are slowly falling, as the Dollar has started to gain momentum ahead of the FOMC protocol.
The Dollar is trying to go on the offensive, as the markets are waiting for the meeting of the United States and Chinese leaders. Oil trades with more declines, as investors are hoping for production curbs for the future.
The euro fell following the comments of ECB officials that there is no possibility of a rate increase in the near-future, while the dollar remained broadly higher on ongoing optimism over the strength of the US economy.
Dollar strengthens on Fed talk, Pound dips on Brexit trigger
The greenback retreated from multi-month lows on Wednesday, after upbeat data supported expectations for more Fed rate hikes this year, while the sterling plummeted as Britain formally triggered the Brexit process.