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Thomson Reuters
Apr 29 - 08:36 AM
AUD/USD - Respects Friday's High As FOMC Countdown Starts
First appeared on eFXplus on Apr 29 - 06:20 AM
  • Offers just shy of 0.7062 kept a lid on AUD/USD through the European morning
  • 0.7062 was Friday's high, after sub-f/c U.S. core PCE data hurt the USD
  • More offers are touted at 0.7080 (0.7082 was last Tuesday's low)
  • U.S. name recommends buying AUD/USD at 0.7010, target 0.74 nL1N22B04J
  • This week's key event risk is Wednesday's FOMC statement nL3N22A1AY
  • RBA rate decision next week: futures price 39 pct chance of a 25bp cut

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