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May 06 - 07:55 PM

AUD/USD - Stays Bid As RBA-Fed Rate Expectations Diverge

By Krishna K  —  May 06 - 07:00 PM
  • AUD/USD hovers near 2-mth 0.6650 Fri high as traders await RBA rate decision

  • RBA likely to hold rates at 4.35%, sound more hawkish on inflation concerns

  • Revival in Fed rate cur expectations on softer US jobs data buoys AUD

  • Fed's Williams says next Fed move likely to be lower rates

  • Buoyant risk appetite, higher commodity prices provide further boost for AUD

  • Resistance 0.6640-50, 0.6665-75, support 0.6595-0.6600, 0.6550-60

  • Monday range 0.6638-0.6606

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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