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Oct 05 - 07:55 PM

AUD/USD - Firm Tone Into Tuesday RBA Meeting & Federal Budget

By Krishna K  —  Oct 05 - 05:35 PM
  • AUD/USD opens 0.3% higher as traders brace for an eventful trading day

  • Boosted by positive risk mood on U.S. stimulus hopes, Trump's better health

  • Buoyed by hopes of dovish RBA & tax cuts , stimulus from government Tuesday

  • RBA seen holding rates, cut seen in November nL4N2GR0PQnL1N2GW00I

  • Australia's budget to show steep deficit as it battles virusnL4N2GQ27O

  • AU August trade balance due; Fed Chairman Powell speaks at 1430 GMT

  • Resistance 0.7200-10, 0.7235-40, 0.7255-60, support 0.7160, 0.7130-35

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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