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Aug 14 - 11:55 PM

AUD/USD - Moves Lower After Aus WPI, RBA Minutes And USD/CNH Rise

By John Noonan  —  Aug 14 - 09:50 PM
  • AUD/USD fell below 0.6470 after release of RBA minutes and Aus WPI

  • Aus WPI softer than expected while RBA minutes less hawkish nS9N38X004nAZN18F3CN

  • RBA sees "credible path" to inflation target keeping cash rate at 4.10%

  • RBA reiterated that more tightening may be needed still - depending on data

  • AUD/USD also pressured by USD/CNH popping above 7.3000 for fist time in 2023

  • AUD/USD traded 0.;6463 with bids tipped around 0.6450

  • Support is at the 76.4 of the 0.6170/0.7158 move at 0.6403

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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