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Aug 07 - 07:24 AM
AUD/USD - Up Half-A-Cent From Its RBNZ-Spurred 10-Year Low
First appeared on eFXplus on Aug 07 - 05:30 AM
  • AUD/USD hits 0.6730 after pushing its recovery envelope from 0.6678
  • 0.6678 was 10-year low in Asia, courtesy of RBNZ-spurred NZD slump
  • RBNZ cut its OCR by a larger than expected 50bp at 0200GMT nL4N2530MQ
  • Offers expected near 0.6750 (Tuesday's low) if AUD/USD extends north
  • 0.6748 was Monday's low. 0.6783 was Asian session high, pre-RBNZ rate cut
  • Lowe speech and RBA Statement on Monetary Policy may impact AUD on Friday

AUDUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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