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Feb 06 - 01:55 AM

AUD/USD - Adds To Gains On Governor Bullock's Hawkish Tone

By Krishna K  —  Feb 06 - 12:10 AM
  • AUD/USD up 0.5% as RBA Governor Bullock pushes back on rate cut expectations

  • Bullock says central bank still a little way to go to get inflation down

  • Keeps rate hike chances on cards as she does not rule out anything on policy

  • Bullock's comments chime with RBA's warning of possible further hike

  • AUD gains muted, traders skeptical on hikes despite hawkish RBA/ Bullock

  • Upside limited as U.S. yields stay elevated on Fed rates caution

  • Resistance 0.6520-25, 0.6550; support 0.6475-80, 0.6452 Nov 17 low

  • Tue range 0.6478-0.6517; Bullock's parliamentary testimony Friday also eyed

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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