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Thomson Reuters
Apr 24 - 12:12 AM
AUD/USD - Rate Cut Calls Intensify After Soft CPI
First appeared on eFXplus on Apr 23 - 10:00 PM
  • Unambiguously soft Aus Q1 CPI increasing expectations of a near-term RBA cut
  • According to Eikon RBAWATCH market pricing in a 45% chance of a May RBA cut
  • AUD/USD under heavy pressure and chewing through buy orders 0.7040/50
  • With broad USD strength also weighing - a test of 0.7000 looks likely

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