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Mar 22 - 05:00 PM

AUD/USD - Opens Sightly Lower As Australia Orders Closures

By Krishna K  —  Mar 22 - 03:30 PM
  • AUD/USD opens -0.3% as Australia orders many venues to close to combat virus

  • Govt pledges extra A$66.4 bln aid, takes stimulus to 10% of GDP nL4N2BF01L

  • C.banks, govts globally take extraordinary steps to mitigate virus effects

  • Traders grapple with uncertainty, wide trading ranges to persist in s/term

  • RBA's QE, slight easing in US$ funding pressures on Fed measures buoy AUD

  • Fed announces more emergency moves to stem USD funding crunch nL1N2BD0Z2

  • Support 0.5745-50,0.5670-90, resis 0.5830-40, 0.5890-0.5900, 0.5980-0.6000


aud: Click here

Globally, over 1500 bps in rate cuts png: Click here

Source:
Refinitiv IFR Research/Market Commentary

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