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Jul 02 - 02:36 AM
AUD/USD - Little Change After RBA Cuts 25 BPs To 1.0%
First appeared on eFXplus on Jul 02 - 12:40 AM
  • RBA cut cash rate 25 BPs to 1.00% as expected
  • AUD/USD settling around 0.6980 from 0.6975 before the cut
  • RBA statement short, but leaves door open for more easing if needed
  • More clarity will come from Governor Lowe's speech later today
  • AUD/USD support at the 21-day MA at 0.6948 and break targets 0.6910/15
  • Sellers tipped ahead of 0.7000 with break targeting 0.7030/40

Source:
Refinitiv IFR Research/Market Commentary

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