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Jul 06 - 02:55 AM

AUD/USD - Eases Slightly After RBA Retains Dovish Bias

By John Noonan  —  Jul 06 - 12:46 AM
  • AUD/USD easing below 0.7550 as RBA statement retained dovish bias with small tweak

  • RBA repeated that rate hike "unlikely until 2024" but left out "at the earliest"

  • As expected - RBA did not extend bond buying maturity to Nov 2024 from April 2024

  • RBA will purchase 4 Bln bonds per week until at least until mid-November

  • Market will now look ahead to RBA Governor Lowe's press conference

  • AUD/USD resistance is at the 200-day MA at 0.7573 with high so far at 0.7571

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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