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Jul 29 - 08:36 AM
AUD/USD - Close To Five-Week Low After Steep Drop Last Week
First appeared on eFXplus on Jul 29 - 06:25 AM
  • AUD/USD held above 0.6900 (Asian session base) through the European morning
  • 0.6900 = lowest level since June 20. 0.6903 was Friday's low
  • AUD/USD fell 1.87% last week: RBA expectations influenced drop
  • Fed in spotlight this week: 25bp rate cut expected Wednesday
  • Australian Q2 inflation data is also due Wednesday (pre-Fed) nL4N24U04B
  • CPI miss and/or less dovish than expected Fed could further weigh on AUD/USD

AUDUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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