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Oct 16 - 10:55 PM

AUD/USD - Pops Higher After Hawkish RBA Minutes

By John Noonan  —  Oct 16 - 09:00 PM
  • AUD/USD jumped from 0.6340 to 0.6360 after RBA minutes

  • RBA considered hiking 25 bps but would have more information at Nov meeting

  • Minutes noted upside risks to inflation and concern it was not slowing enough nS9N38X01V

  • The minutes suggest November meeting will be live and data will dictate

  • Market was only pricing in a 15% chance of a hike before the minutes

  • According to LSEG RBAWATCH the pricing is for a 23% chance after the minutes

  • AUD/USD rally stopped short of 10-day MA at 0.6364

  • More resistance is at the 21-day MA at 0.6385

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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