By Krishna K — Sep 24 - 12:40 AM
AUD/USD +0.1% in Asia, supported by hawkish RBA and China stimulus measures
RBA holds rates at 4.35% as expected, reiterates higher-for-longer rates
Cites sticky inflation, tight labour mkt; Governor Bullock presser 0530 GMT
Does not rule anything in or out on policy, seeks to maintain flexibility
China's central bank unveils broad easing measures to revive economy
Commodities lifted by China measures, Dalian iron ore +2.5% in boost for AUD
Resistance 0.6871 Dec high, 0.6900 June 2023 high; support 0.6800, 0.6780-85
Asia range: 0.6827-0.6859
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Source:
Refinitiv IFR Research/Market Commentary