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Oct 20 - 01:55 AM

AUD/USD - Down But Not Out On RBA Easing Fever

By Krishna K  —  Oct 20 - 01:25 AM
  • AUD/USD down 0.35% in Asia as RBA Nov 3 easing talk reaches a crescendo

  • RBA discussed case for further easing in Oct - minutes nL4N2HB09Y

  • Asst. Governor Kent puts emphasis on balance sheet expansion for stimulus

  • 21 of 25 economists (84%) in Reuters poll expect 15 bps cut to 0.10% Nov 3

  • Analysts also expect c.bank to launch QE nL4N2HA1KBnS9N2FD00O

  • AU-U.S. 10-year bond yield differential nears parity, dragging AUD lower

  • AUD holds up despite dovish RBA, risk aversion; support 0.7000-06

  • Break opens 0.6965, 0.6925-30; resistance 0.7075-80, 0.7110-15

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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