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Jun 18 - 08:55 PM

AUD/USD - Rallies On Cue As Support Holds, Hawkish RBA Boosts

By Krishna K  —  Jun 18 - 07:35 PM
  • AUD/USD buoyant in early Asia after rallying 0.65% Tuesday

  • Boosted by hawkish RBA, falling U.S. yields and rising Fed rate cut bets

  • RBA vigilant against inflation, discussed whether to raise rates Tuesday

  • Odds of RBA Dec rate cut fall to 41% from 62% before rate announcement

  • First RBA 25 bps rate cut not fully priced in now until May 2025

  • Tepid May U.S. retail sales data keep Fed rate cuts in play, boost AUD

  • Fed officials steer cautiously toward potential rate cuts

  • Broad 0.6580-0.6710 range persists; break of either side opens 0.6550/0.6750

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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