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Sep 17 - 12:12 AM
AUD/USD - Edges Lower After Gloomy RBA Minutes
First appeared on eFXplus on Sep 16 - 09:50 PM
  • AUD/USD edged below 0.6850 in a muted reaction to the Sep RBA Minutes

  • Minutes similar to Aug, but noted increasing downside risks to global growth

  • Domestically RBA concerned over weak consumption & weak construction outlook

  • On the positive side - rising home prices helping to support economy nRUAHKEF6Q

  • Minutes confirm RBA's dovish bias and suggest the Oct meeting will be 'live'

  • AUD/USD settling around 0.6850 little changed from before the Minutes

  • Support @ 10-day MA @ 0.6851 and close below increases downward pressure

Source:
Refinitiv IFR Research/Market Commentary

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