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May 21 - 07:55 PM

AUD/USD - Marks Time As RBA, Fed Signal Status Quo On Rates

By Krishna K  —  May 21 - 07:10 PM
  • AUD/USD opens unchanged after trading in a narrow 0.6679-0.66465 range Tue

  • Markets on-hold as RBA, Fed signal higher-for-longer rate stance

  • RBA pondered raising rates in May, says inflation expectations well anchored

  • Fed officials urge patience on timing of initial rate cut

  • AUD downside limited as 25 bps RBA cut is close to fully priced only in Apr

  • Elevated commodity prices and carry-trade also demand buoy AUD outlook

  • RBNZ rate meeting, Fed Apr 30-May 1 meeting minutes, Nvidia earnings key Wed

  • Supports 0.6645-50, 0.6620-25, resistance 0.6690-95, 0.6710-15

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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