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Feb 09 - 09:55 PM

AUD/USD - Inches Up As Markets Digest RBA Forecasts

By Krishna K  —  Feb 09 - 08:00 PM
  • AUD/USD little changed as traders ponder RBA Statement on Monetary Policy

  • RBA revises up forecast for core inflation and wage growth

  • Central bank flags further rate rises, assumes peak rate of 3.75%

  • Markets peak rate a lot higher @ 4.16%, compared to 3.60% a few weeks back

  • AUD rallies falter near 0.7000-10 resistance as Fed officials talk up rates

  • Hawkish RBA limits downside; Tuesday U.S. CPI now key for direction

  • Trade 0.6900-0.7000 range within broader 0.6850-0.7050 band

  • Resistance 0.6950-55, 0.6990-0.7000, support 0.6900-10, 0.6880-85, 0.6850-60

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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