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Thomson Reuters
Apr 02 - 07:24 AM
AUD/USD - Threatens Last Week's Low After RBA Tweaks Message
First appeared on eFXplus on Apr 02 - 05:05 AM
  • AUD/USD eyes 0.7063 (last week's low) after extending south from 0.7131
  • 0.7131 = knee-jerk high after 0330GMT RBA statement (0.7132 = Monday's high)
  • Slight tweaks by RBA provide fodder for AUD bears nL3N21K0YW
  • Interest rate futures price 1 in 4 chance of 25bp RBA rate cut next month
  • AUD/USD bear targets include 0.7042 (March 14 low) and 0.7003 (March 8 low)
  • Australia govt delivers tax cuts, surplus in pre-poll budget nL3N21K248

RBAWATCH: Click here

Source:
Thomson Reuters IFR Markets

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