By Krishna K — Nov 21 - 10:25 PM
AUD/USD up 0.1% in quiet Asian trading, holds cross-gains vs many peers
Settles into a 0.6480-0.6530 range within broader 0.6450-0.6550 band
RBA's hawkish stance, stabilization in commodities encourages dip-buyers
RBA monetary policy diverges from many other c.banks, lifts AUD on crosses
EUR/AUD hits 7-week low as Ukraine conflict weighs; GBP/AUD at 6-week low,
AUD/NZD hits fresh 2024 high of 1.1177 ahead of RBNZ meeting, AU CPI Wed
Markets price in 100% probability of 25 bps RBNZ cut, 29% of 75bps 0#NZDIRPR
Support 0.6480-85, 0.6440-50, resistance 0.6530, 0.6545-50, 0.6565
Asia range 0.6509-0.6521; AUD/NZD range 1.1111-1.1180
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary