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Jul 24 - 09:48 PM
AUD/USD - Idling Ahead Of Lowe's Speech And ECB Decision
First appeared on eFXplus on Jul 24 - 08:25 PM
  • AUD/USD is idling around 0.6975 while retaining a heavy tone
  • RBA Governor Lowe speaks today (03:05 GMT) and may cause come movement
  • The subject of his speech is 'Inflation targeting and economic welfare'
  • The RBA prefers speeches rather than written statements to communicate bias
  • The market is only pricing in a 25% chance of an August RBA cut
  • AUD/USD support at 0.6957 where the 55-day MA and 50% retracement converge

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Refinitiv IFR Research/Market Commentary


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