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Thomson Reuters
Feb 03 - 05:00 PM
AUD/USD - Strides Confidently Into A Busy Week
First appeared on eFXplus on Feb 03 - 03:05 PM
  • AUD/USD consolidates last week's gains of 1.5%; is up 8.6% since Jan low
  • Holds gains despite rally in U.S yields, shrugs off disappointing China data
  • Focus shifts to domestic economy ; RBA meets Tue, SOMP Fri, Lowe speaks Wed
  • Soft data to keep rates at record lows for 2 more years-Poll nL3N1ZW2QE
  • Market pricing in 80% chance RBA will trim cash rate to 1.25% by April 2020
  • Resistance @ 0.7290, 200-DMA; support 0.7235-45, cluster of previous highs

Household saving ratio slumps, consumption eases, growth slows: Click here

Australia's home prices are easing but household debt remain sky high: Click here

Source:
Thomson Reuters IFR Markets

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