By John Noonan — Jul 31 - 10:55 PM
USD moving higher across the board in Asia and weighing on AUD/USD
AUD/USD down over 0.30% and testing the 100-day MA at 0.6693
A break below 0.6690 targets yesterday's low at 0.6649
AUD underperforming as market is thin ahead of RBA decision shortly
AUD/USD likely to have a volatile reaction no matter what the RBA decides
Market pricing in an RBA hold - while economists slightly favour a hike
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Source:
Refinitiv IFR Research/Market Commentary