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Jul 01 - 08:36 AM
AUD/USD - Gets Ready To Dance To The RBA's Tuesday Tune
First appeared on eFXplus on Jul 01 - 06:30 AM
  • AUD will react to RBA rate verdict and statement on Tuesday at 0430GMT
  • 28 of 40 economists tip 25bp rate cut - Reuters poll nL4N23Y1DW
  • Rate cut and an ultra-dovish steer would be best outcome for AUD shorts
  • AUD shorts are likely to be be squeezed if RBA keeps cash rate at 1.25%
  • 0.6991 is low water-mark for AUD/USD since its 0.7039 early Asia peak
  • That peak was scaled after the U.S-China trade truce

AUDUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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