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Sep 23 - 08:36 AM
AUD/USD - Close To Two-Week Low Ahead Of Lowe Speech Tuesday
First appeared on eFXplus on Sep 23 - 06:15 AM
  • AUD/USD respected its 0.6766-0.6781 Asia range through the European morning

  • 0.6766 is six pips shy of 0.6760 (Friday's two-and-a-half week low)

  • Drop to 0.6760 was fuelled by higher probability of RBA rate cut Oct 1

  • Probability up to 81% vs 50% pre-Aussie jobs data Sept 19 (RBAWATCH/Eikon)

  • RBA Governor Lowe to give "Economic Update" speech on Tuesday (8.05pm AEST)

  • AUD may fall further if Oct cut probability rises towards 100% after Lowe

AUDUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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