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Jun 01 - 02:55 AM

AUD/USD - Eases After RBA Sticks To Dovish Script

By John Noonan  —  Jun 01 - 12:36 AM
  • AUD/USD easing after RBA unchanged and statement retained dovish bias nRBA

  • RBA repeated a rate hike unlikely until 2024 at the earliest

  • It traded to a high of 0.7769 earlier and was 0.7762 into the decision

  • The low since the decision/statement was 0.7736 - but is back t 0.7745/50

  • RBA statement was as expected, but some saw a risk they may be more upbeat

  • Support is at the 10-day MA at 0.7742 and close below eases upward pressure

  • For more click on FXBUZ

aud/usd Click here

Refinitiv IFR Research/Market Commentary


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