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Thomson Reuters
Apr 02 - 03:48 AM
AUD/USD - Drifts Lower As RBA Tweaks (Mis?)Interpreted
First appeared on eFXplus on Apr 02 - 01:25 AM
  • AUD/USD sold as bears apply dovish twist to RBA statement nL3N21K0YW
  • RBA says to monitor developments, set policy to support sustainable growth
  • Removes 3% GDP forecast nL3N21J4UT; both developments taken as dovish
  • Risk RBA statement misinterpreted; 3% removal brings RBA in line with fcsts
  • Monitoring developments is c.bank methodology of signaling waiting stance
  • Support 0.7058-68, 0.7042, pivotal @ 0.7000-05; resistance 0.7105-10, 0.7130

aud: Click here

Source:
Thomson Reuters IFR Markets

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