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Sep 21 - 04:55 AM

AUD/USD - Maintains 0.71 Handle; RBA Hike Expected Next Week

By Robert Howard  —  Sep 21 - 02:55 AM

• AUD/USD has traded a 12 pip range thus far Monday; 0.7118-0.7130

• Those parameters are within Friday's 0.7104-0.7136 range

• 0.7136 is high water-mark since Wednesday's four-week low of 0.7075

• Wednesday's low, which 100DMA helped define, was plumbed on Fed's hawkish hike

• RBA's Bullock, Hunter and Ross are all due to speak on Tuesday

• Australia's Big Four banks all expect RBA to raise rates next week (Sept 29)

AUDUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters
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