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Mar 27 - 10:55 PM

AUD/USD - Drifts Lower; Australia Retail Sales Below Forecast

By Krishna K  —  Mar 27 - 08:55 PM
  • AUD/USD -0.1% in Asia as dollar strengthens broadly ahead of long weekend

  • Weighed down by weak CNY/CNH and Fed Waller's cautious comments on rate cuts

  • Fed's Waller still sees 'no rush' to cut rates amid sticky inflation data

  • Australia retail sales rise a modest 0.3% in Feb versus 0.4% expected

  • Will add to dovish RBA rate expectations after benign inflation data Wed

  • February U.S. PCE price index data and Powell speech Fri key for direction

  • Support 0.6510, 0.6490-95, resistance 0.6545-50, 0.6580-85

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary
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