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May 03 - 06:55 AM

AUD/USD - Within Strike Of 0.6650 Before Fed Event Risk

By Rob Howard  —  May 03 - 05:50 AM
  • Large 0.6650 option expiry helps to anchor AUD/USD pre-Fed event risk

  • 0.6655 marks the intra-day low. 0.6717 was Tuesday's high, on RBA hike shock

  • US ADP jobs data due 1215 GMT; 148k f/c. ISM services PMI 1400 GMT; 51.8 f/c

  • Fed rate decision at 1800 GMT; 25 bps increase to 5.00-5.25% expected

  • Reuters poll: 13 of 25 economists expect another RBA hike by end-September

  • Australian March retail sales up 0.4% MM vs 0.3% forecast nL1N370055

Source:
Refinitiv IFR Research/Market Commentary

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