Explore eFXplus Derived Data That Drive Results
A Data Partner of:
May 04 - 07:55 PM

AUD/USD - Bid On Dips As Fed Rate Cut Bets Climb

By Krishna K  —  May 04 - 06:20 PM
  • AUD/USD to remain supported on dips after closing 0.35% higher Thursday

  • Boosted by increased bets on Fed rate cuts on U.S. regional banks concerns

  • CME tool shows 58% probability of July cut on increased U.S. recession fears

  • Australia total trade surplus hits 2nd highest on record, underpins

  • Copper prices hover near 4-mth low, iron ore hits 5-mth low, cap AUD rallies

  • RBA Statement of Monetary Policy & U.S. April employment report due Friday

  • POLL-RBA to hike rates further this year, say economists in snap poll

  • Resistance 0.6715-20, 0.6750, support 0.6655-60, 0.6635-40

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


  • eFXplus
  • End-user license agreement (EULA)


  • About
  • Contact Us


  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved