By Rob Howard — May 02 - 05:40 AM
AUD/USD consolidates gains spurred by RBA's unexpected 25-bps rate hike
See: nL1N36Z09P. 0.6717 was high at 0658 GMT; 0.6688 = subsequent low
0.6717 was highest level since April 21 (0.6573 was Friday's seven-week low)
AUD/USD was at 0.6628 into the RBA rate decision at 0430 GMT nL4N36Z180
Fed rate decision on Wednesday; 25 bps increase to 5.00-5.25% expected
White House considers two key nominations at the Fed - NYT nL1N36Y20M
Source:
Refinitiv IFR Research/Market Commentary