# RBA on hold as all Eyes on US midterms - OFX

> The Australian dollar edged higher to about 0.7231 on 6 November as the RBA kept rates on hold for a 25th consecutive meeting. Markets focused on the US midterm elections, with the AUD range-bound below 0.72 ahead of the results.

- Date: 2018-11-06 · published 2018-11-06T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/62298-rba-on-hold-as-all-eyes-on-us-midterms-ofx
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Currency moves tied to US midterm outcomes could shift the dollar and the AUD backdrop, which affects Australian export competitiveness. Direct feed price implications are small.

## Read by commodity

- AUDUSD: neutral

## Sources

- ofx.com: https://www.ofx.com/en-au/forex-news/daily-and-weekly-market-news/2018/11/07/rba-on-hold-as-all-eyes-on-us-midterms/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.