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Sep 20 - 07:55 AM

AUD/USD - On 0.68 Handle As RBA Vs Fed Contrast Underpins

By Rob Howard  —  Sep 20 - 05:50 AM
  • AUD/USD has traded a 28.5 pip range thus far Friday; 0.6800 = intra-day low

  • 0.6839 was Thursday's nine-month high, after strong Aussie employment data

  • Ensuing low was 0.6786, after USD rose on unexpected US jobless claims fall

  • There is a large 0.6790 option expiry for the NY cut, A$851 million strike

  • All economists polled by Reuters expect RBA to keep rates unchanged Tuesday

  • Fed is expected to cut rates again in November, after 50 bps cut this week

Source:
Refinitiv IFR Research/Market Commentary

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