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Thomson Reuters
Jun 04 - 07:24 AM
AUD/USD - Drops After Lowe Says Rates Could Go Even Lower
First appeared on eFXplus on Jun 04 - 05:50 AM
  • AUD/USD slid to 0.6957 after RBA chief Lowe said rates could go even lower
  • See: nS9N21I01D. 0.6957 = intra-day low. 0.6959 was Asia low, pre-RBA cut
  • AUD/USD topped out at three-week peak just shy of 0.6995 after RBA rate cut
  • See: nL4N23B0LW. 0.6995 = 38.2% of 0.7206 to 0.6865 (May's 19-week low)
  • Mooted bids at 0.6940-50 could prop AUD/USD if it breaks below 0.6957
  • 0.6944 was Friday's high (May 31). 0.6941 was Monday's European am low

AUDUSD: Click here

Source:
Thomson Reuters IFR Markets

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