I read this as a sign that the EU want to create precedent with UK. This clearly could fuel hard Brexit expectations. EUR strengthened against the GBP, but the move did not seem to be decisive.
RBA meeting minutes:
- build-up of risks in the housing market
- weak wage growth
- rising AUD would complicate economic transition
- Higher commodity prices could last longer than first thought given firmer global demand
AUD is a major resistance now:
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