It shot up to a two-year high of US79.89¢ before deputy governor Guy Debelle on Friday spoiled the party by hosing down expectations of a nearing rate rise, saying the central bank did not intend to signal anything by discussing the neutral rate.
“Debelle burst the Aussie dollar bulls’ balloon, leaning heavy against the markets inference of the neutral nominal rate comment in an attempt to jawbone the currency lower,” OANDA trader Stephen Innes said
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