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Thomson Reuters
Apr 10 - 02:36 AM
AUD/USD - Pushes Higher, RBA's Debelle Does Nothing For Doves
First appeared on eFXplus on Apr 10 - 01:10 AM
  • AUD/USD rises 0.4% from day low of 0.7109 as RBA's Debelle disappoints doves
  • Says c.bank still trying to unravel policy puzzle nL3N21S11R nL3N21S02E
  • Neutral tone on rates disappoints traders positioned for more dovish speech
  • Short-covering lifts AUD to 0.7142 high; strong resistance at 0.7152, 0.7168
  • Upside limited as risk mood sours on global growth and trade concerns
  • Wed U.S. CPI, Fed minutes crucial for s-term direction; support 0.7100-10

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Source:
Thomson Reuters IFR Markets

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