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Aug 03 - 01:55 AM

AUD/USD - Moves Higher After RBA Doesn't Reverse July Taper Decision

By John Noonan  —  Aug 03 - 12:40 AM
  • AUD/USD pushed to 0.7400 from 0.7368 after RBA decided not to delay taper nRBA

  • Market was expecting RBA to delay tapering bond purchases as of September

  • RBA statement upbeat on prospects of bounce back after lockdowns end

  • AUD/USD was holding up despite global growth concerns and Sydney COVID spread

  • Speculation of AUD-positive M&A flows helping to underpin AUD/USD for now

  • AUD/USD resistance is at the 21-day MA at 0.7406For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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