Australia’s RBA faces losses on bond buying, sees benefits

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Australia’s central bank on Wednesday said its A$300 billion ($200.67 billion) pandemic-era bond buying program (BPP) had benefits to the economy but will also cause large losses for the bank, potentially putting it into negative equity, reported Reuters.

AUD/USD resists reacting to the otherwise price-positive news as it remains pressured near the yearly low, around 0.6690 by the press time, amid pre-Fed anxiety.

Also read: AUD/USD sellers keep reins around yearly low under 0.6700, RBA’s Bullock, Fed eyed

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