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Feb 03 - 01:55 AM

AUD/USD - Holds Ground Despite Emphatically Dovish RBA Speech

By Krishna K  —  Feb 02 - 11:56 PM
  • AUD/USD up 0.1% in Asia, trades in relatively narrow range of 0.7601-0.7620

  • Holds ground despite clearly dovish speech by RBA Governor Lowe nL1N2K904X

  • Underpinned by strong risk sentiment; ASX 200 rallies to 11-month high

  • Lowe says cash rate to stay near zero for long time ; analysts tip more QE

  • Downplays fears of housing mkt bubble despite prices rising to record highs

  • Iron ore down 15% since Dec, copper down near 6-week low Tues, will cap AUD

  • Support 0.7565-70, 0.7547, 0.7500-05, resistance 0.7620-25, 0.7650-60 strong

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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