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Oct 05 - 08:55 AM

AUD/USD - Bulls Treads Cautiously Ahead Of RBA

By Christopher Romano  —  Oct 05 - 07:50 AM
  • Risk-on takes hold as US stimulus hope, Trump possibly leaving hospital

  • Equities ESv1, copperHGv1 & AUD/JPY rally while safe-havens are sold

  • EM currencies generally higher vs US$, USD/CNH falls towards 6.7300

  • AUD/USD rallies & nears 0.7195, dips near 0.7160, nears 0.7180 at NY open

  • RBA meeting risk keeps bulls a bit tempered, no rate change expected

  • Dovish statement likely, should help tighten AU-US yield spreads

  • Aussie dollar is close to losing its yield advantage over the US$

  • For more click on FXBUZ




aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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