By Krishna K — May 04 - 10:05 PM
RBA warns on upside risks to inflation & interest rates, AUD blips higher
Cites low productivity growth, surging immigration as inflation risks
Says higher rent, electricity and gas prices also driving up inflation
AUS/USD trades to a 0.6716 high, marginally below the 0.6717 Tue peak
Resistance 0.6718, 61.8% Fibo of 0.6808-0.6573 drop; break opens 0.6745-50
Support 0.6685-90, 0.6655-60; traders await key U.S. jobs data Friday
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Source:
Refinitiv IFR Research/Market Commentary