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Sep 07 - 06:55 AM

AUD/USD - Holds Close To 8-Week Low Before RBA Chief Speaks

By Rob Howard  —  Sep 07 - 05:30 AM
  • 0.6733 is AUD/USD high water-mark since its 0.6699 eight-week low in Asia

  • That low was plumbed as USD index scaled new 20-year peak nL1N30E0K2

  • 0.6683 (July 14, two-year low) and 0.6650 are support points below 0.6699

  • RBA's Lowe to speak about "Inflation and Monetary Policy Framework" Thursday

  • Lowe speech at 1.05pm AEST. RBA raised rates by 50 bps Tuesday nL1N30D087

  • Next Fed rate decision Sept 21: 72% chance of 75 bps hike FEDWATCH

Source:
Refinitiv IFR Research/Market Commentary

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