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Oct 02 - 08:36 AM
AUD/USD - Drops To A Fractionally Fresh 10-Year Low
First appeared on eFXplus on Oct 02 - 06:25 AM
  • AUD/USD slid to fractionally fresh 10-year low of 0.6670 during European am

  • 0.6672 was Tuesday's low, after the RBA's dovish cut nL3N26M0SN

  • 0.6699-0.6719 was today's Asian session range nL2N26N03C

  • Risk of another RBA cash rate cut in Nov/Dec is helping weigh on the AUD

  • Interest rate futures suggest 44% chance of a cut next month (RBAWATCH)

  • USD may react to U.S. ADP Sept jobs report at 1215GMT, 140k f/c

AUDUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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