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Aug 01 - 02:55 AM

AUD/USD - Falls After RBA Remains On Hold

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

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