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Sep 23 - 07:55 AM

AUD/USD - On 0.68 Handle Before RBA Event Risk

By Rob Howard  —  Sep 23 - 06:25 AM
  • AUD/USD has traded 23.5 pip range since European open; 0.6801 = session low

  • 0.6836 was Asian session high, after PBOC lowered 14-day reverse repo rate

  • That high was three pips shy of last Thursday's nine-month high (Sept 19)

  • RBA reforms stall as Greens demand rate cuts. RBA hold expected at 0430 GMT

  • CFTC data showed net AUD short jumped to 40,122 contracts in week to Sept 17

  • 40,122 contracts is largest net AUD short position since mid-August

Source:
Refinitiv IFR Research/Market Commentary

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