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
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Source:
Refinitiv IFR Research/Market Commentary