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
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Source:
Refinitiv IFR Research/Market Commentary