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Nov 27 - 10:55 PM

AUD/USD - Reduced RBA Rate Cut Bets, Higher Commodities Support

By Krishna K  —  Nov 27 - 09:00 PM
  • AUD/USD inches higher Thu as RBA rate cut expectations are reduced

  • Elevated core inflation precludes RBA rate cut as inflation remains sticky

  • Feb 25bps RBA cut chances at 10% today from 27% before release of CPI Wed

  • Recovery in commodity prices supports; copper and iron ore edge higher

  • Risk aversion, trade concerns triggered by Trump tariffs threat limit rise

  • RBA Governor Michele Bullock speaks at 0855 GMT; Asia range 0.6495-0.6509

  • Support 0.6470-75, 0.6430-35, resistance 0.6505-10, 0.6525-30

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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