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Sep 14 - 02:55 AM

AUD/USD - Bogged Down By Upbeat, Yet Dovish Tone From RBA

By Ewen Chew  —  Sep 14 - 02:00 AM
  • AUD/USD extends decline to 0.7338; room to fall till 0.7313

  • 21 DMA is primary technical support, but may be a frail one

  • RBA governor assures no rate rise till 2024, but sounds upbeat

  • Optimistic for swift economic recovery from lockdowns nL1N2QG077

  • Unwavering dovish stance ought to keep AUD/USD depressed

  • US CPI due later today could provide a bit more push for USD

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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