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Feb 06 - 08:36 PM

AUD/USD - Moves Lower Afrer RBA Releases SOMP

By John Noonan  —  Feb 06 - 07:50 PM
  • AUD/USD trading at 0.6715 after the release of the RBA quarterly SOMP

  • RBA said forecasts for 2020 based on another 25 BP cut in mid-2020

  • Growth forecasts for near-term cut due to impact of bushfires & Coronavirus nRUA6DEG7N

  • AUD/USD buyers between 0.6700/20 helping to cushion the fall

  • Support at Tuesday's low at 0.6678 and Oct 02 low at 0.6680






audusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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