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Oct 17 - 10:55 PM

AUD/USD - :RBA Minutes Reveal Decision On 25 BP Hike "Finely Balanced"

By John Noonan  —  Oct 17 - 08:45 PM
  • AUD/USD slightly higher after RBA minutes suggest decision to hike 25 instead of 50 BPs was a close call nS9N2ZT01Y

  • RBA minutes pointed to more rate hikes to come as inflation is too high

  • RBA said aggressive rate hikes abroad could helps lessen inflationary pressures

  • AUD/USD traded as high as 0.6314 and is now settling around 0.6305/10

  • Resistance is @ 10-day MA @ 0.6322 and break would suggest bottom is forming

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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