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Nov 16 - 07:55 AM

AUD/USD - Holds Above Friday's High After RBA's Lowe Speaks

By Rob Howard  —  Nov 16 - 05:50 AM
  • AUD/USD holds above 0.7273 (Friday's high) after retreating from 0.7305

  • 0.7305 = highest level since Wednesday (0.7318 was the high that day)

  • Ascent to 0.7305 influenced by risk appetite rise nL8N2I22N8nL1N2I209V

  • RBA would consider negative rates only if peers go sub-zero - Lowe

  • See: nS9N2FD01W. RBA cut its cash rate to 0.1% on Nov 3 nL1N2HP054

  • Lowe also said Australia's economy on road to recovery nS9N2FD01V

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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