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Jul 18 - 11:55 PM

AUD/USD - Perks Up As RBA Sees Need For More Tightening

By Krishna K  —  Jul 18 - 11:15 PM
  • AUD/USD up 0.25% as RBA July meeting minutes leads to talk of 75bps Aug hike

  • Cenbank says interest rates still too low to contain inflation nL1N2Z003J

  • Australian households well placed to absorb rising borrowing costs- Dep Gov

  • Labour market has tightened further since previous RBA meeting nL1N2YV02L

  • Focus shifts to June quarter CPI due next week, expected to rise above 6%

  • Cooling Fed rate bets & lower U.S. inflation expectations limit AUD downside

  • Asia range 0.6803-0.6830; resistance 0.6845-50, 0.6875-80,support 0.6785-90

  • Related nS9N2WQ05G

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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