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Feb 02 - 03:55 AM

AUD/USD - Weighed Down By Emphatically Dovish RBA

By Rob Howard  —  Feb 02 - 02:27 AM
  • AUD/USD drops to 0.7608 as emphatically dovish RBA weighs on Aussie dollar

  • RBA expands QE by A$100bln, doesn't expect to hike rates until 2024 earliest

  • See: nL1N2K8083. 0.7662 was Asia high, just before RBA MPA (0330GMT)

  • Bids may emerge circa 0.7600 if AUD/USD extends south. Big 0.76 expiry today

  • See: nL1N2K70JN. 0.7606 was Monday's low. 0.7592 was 1-month low last week

  • RBA Governor Lowe to speak about "The Year Ahead" on Tuesday (12.30pm AEDT)

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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