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Sep 24 - 02:55 AM

AUD/USD - Stays Bid As RBA Stays On Hold, Reiterates Hawkish Stance

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

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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