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Mar 07 - 01:55 PM

AUD/USD - Drops To 4-Month Low After Dovish RBA Hike, Hawkish Powell Lean

By Paul Spirgel  —  Mar 07 - 11:50 AM
  • AUD$ extends losses post-Powell, -1.95% at 0.6597; Tues range 0.6748-0.6597

  • Pair was -1% after RBA +25bp, Powell nod to higher Fed path lifts USD

  • Fri NFP data, Mar 14 CPI gain in gravity as Fed may goose rates higher

  • IRPR-Eikon shows +55bp by Nov 7 RBA meeting, beneath Fed hike expectations

  • AUD$ res at 0.6659 100-HMA, 0.6719 10-DMA, 200-DMA at 0.6787

  • Supt 0.6595 Tues low, 0.6579 Nov 11 2022 low, 0.6388 daily low Nov 10 2022

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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