By John Noonan — Aug 01 - 12:40 AM
AUD/USD has fallen below 0.6670after the RBA remained on hold at 4.10%
It was trading at 0.6695 before the decision was announced
Market priced in a pause, but economists slightly favoured a 25 bp hike
Break below 0.6693 targets yesterday's low around 0.6650
More support is at the July 28 low at 0.6623
The reaction may not be too severe, as RBA retains hawkish bias
Also market wasn't expecting a hike, as the economists were
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary