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Mar 02 - 01:55 AM

AUD/USD - Off Lows As RBA Assures On Yield Target; Upside Capped

By Krishna K  —  Mar 01 - 11:53 PM
  • AUD/USD rises from day low of 0.7737 as RBA says committed to yield target

  • Central bank to buy more bonds if needed to keep 3-year yield at 0.1% target

  • To make further adjustments to purchases in response to market conditions

  • 3-year yield edges lower to 0.137 as bond markets calmer after recent rout

  • Focus turns to AU Dec quarter GDP due Wed, expected to grow 2.5%

  • AUD upside limited as U.S. yields remain elevated on U.S. economic optimism

  • Resistance 0.7790-0.7800, 0.7820-25, support 0.7620-25,0.7695-0.7705, 0.7670

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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