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Sep 27 - 09:55 PM

AUD/USD - Added Gains After Westpac Adjusts RBA Cut Call

By John Noonan  —  Sep 27 - 08:45 PM
  • AUD/USD traded up to 0.7053 - up over 0.30% since the Friday close

  • Move higher aided by 0.30% rise in E-minis and Westpac changing RBA call

  • Westpac now seeing a RBA cut to 10 BPs from 25 Bps in Nov instead of Oct

  • Reason for delay is to give time for Aus government to sell its budget

  • AUD/USD met selling avove 0.7050 and is now settling around 0.7045

  • Resistance and more selling tipped between 0.7080/90

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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