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Jun 20 - 10:55 PM

AUD/USD - Slips From High After Lowe Questions Market Pricing

By John Noonan  —  Jun 20 - 08:55 PM
  • AUD/USD eased to 0.6955 from high at 0.6979 on Lowe answers in Q&A

  • Lowe said they will likely discuss 25 or 50 BP hike at July meeting

  • Lowe said market pricing on rate hikes this year not likely nS9N2WQ04G

  • Comments suggest RBA will hike rates, but still not as hawkish as market

  • AUD/USD still bid and is back to 0.6960/65 where it was before Lowe speech

  • RBA minutes will be out shortly to add more colour to RBA's outlook

  • AUD/USD resistance at 10-day MA at 0.7003 with sellers ahead of 0.7000

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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