Home Forex Exchange Australia October foreign reserves A$67.9 billion vs A$69.0 billion prior – ForexLive

Australia October foreign reserves A$67.9 billion vs A$69.0 billion prior – ForexLive

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RBA

Foreign exchange reserves are cash and other reserve assets held by a central bank. Their main function is  to balance payments of the country, to influence the exchange rate of its currency  and to just generally maintain confidence in financial markets.

Not market moving and a slight downtick in reserves and otherwise not comment worthy. 

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