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Sep 13 - 11:55 PM

AUD/USD - Moves Lower After RBA Lowe's Speech

By John Noonan  —  Sep 13 - 11:14 PM
  • AUD/USD has eased to 0.7355 from 0.7370 after speech by RBA Governor Lowe nS9N2PN014

  • RBA Governor reiterated cash rate unlikely to rise before 2024

  • Lowe said it was "difficult to understand why markets pricing in hikes for 2022/2023"

  • Comments were cautious - noting Delta outbreak added an element of uncertainty

  • RBA expects economy to start recovering in Q4 and 2022 - but new variants were a risk

  • AUD/USD support is at the 38.2 of the 0.7106/0.7477 move at 0.7335

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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