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Derived real-time data in partnership with:
Thomson Reuters
Feb 05 - 02:36 AM
AUD/USD - Moves Higher After RBA Statement
First appeared on eFXplus on Feb 04 - 10:40 PM
  • RBA remained on hold at 1.5% and left statement largely unchanged
  • RBA statement remains relatively upbeat due to strong jobs sector
  • RBA lowered growth outlook to 3% for 2019 and did mention downside risks
  • AUD/USD above 0.7230 from 0.7210 before the statement
  • Market has been pricing in a possible cut by the end of 2019
  • RBA not yet ready to validate market's dovish outlook on policy
  • RBA Governor Lowe will likely provide more colour when he speaks tomorrow
  • AUD/USD resistance at 200-day MA at 0.7288 and last week's 0.7295 high

Source:
Thomson Reuters IFR Markets

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