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
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Source:
Refinitiv IFR Research/Market Commentary