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Jun 20 - 09:55 PM

AUD/USD - Muted Reaction To RBA Lowe's Hawkish Comments

By John Noonan  —  Jun 20 - 08:15 PM
  • RBA Governor Lowe flagged more rate hikes in a speech on the economy nS9N2WQ04F

  • Lowe said rates were still "very low" and stressed need for inflation expectations to remain anchored around 2-3%

  • Lowe emphasized the RBA wasn't on a pre-set path and would be data dependent

  • AUD/USD was already tracking higher before the Lowe speech

  • It is trading around 0.6970 after opening at 0.6955

  • Resistance at the 10-day MA at 0.7003 and break would suggest bottom forming

  • For more click on FXBUZ











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Source:
Refinitiv IFR Research/Market Commentary

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