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Nov 18 - 08:36 AM
AUD/USD - Holds Above 0.6800 After PBOC's Reverse Repo Cut
First appeared on eFXplus on Nov 18 - 06:30 AM
  • AUD/USD respected its Asian range of 0.6807-0.6822 through the European am

  • 0.6822 was also the pre-weekend high, after AUD gained on risk appetite rise

  • PBOC unexpectedly cut its reverse repo rate today nL4N27Y0IR

  • 0.6770 was AUD/USD four-week low on Thursday, after weak Aussie jobs data

  • The weak Aussie jobs data spurred a dovish shift in RBA expectations

  • Minutes from the Nov 5 RBA meeting will be published on Tuesday



AUDUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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