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May 04 - 10:55 PM

AUD/USD - Gains Ground As US Stock Futures Rise; RBA SOMP Due

By Krishna K  —  May 04 - 09:10 PM
  • AUD/USD rallies 0.15% as risk sentiment recovers slightly in Asia

  • Apple Inc results beat expectations, helps ease global recession concerns

  • Increased Fed rate cut bets support as U.S. regional banks concerns rise

  • CME tool shows 65% probability of July cut though Fed only signaled a pause

  • RBA Statement of Monetary Policy & U.S. April employment report due Friday

  • SOMP watched for clues on RBA policy; one more 25bps hike expected in 2023

  • Resistance 0.6715-20, 0.6750, support 0.6675-80, 0.6650-55

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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