FX regulator probes AUD spike prior to policy announcement

Australia's authorities look into sudden moves in the Aussie's value

reserve-bank-of-australia
Reserve Bank of Australia

Australia's chief financial regulator is investigating a surge in the Aussie dollar only seconds before the country's central bank announced its decision to leave interest rates unchanged on Tuesday.

The Australian Securities and Investments Commission (Asic) says it is also looking into similar movements in the currency ahead of monetary policy announcements in February and March.

The investigation was not brought on by explicit suspicions of wrongdoing, FX Week understands. Rather, Asic is

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