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Nov 18 - 09:48 PM
AUD/USD - Eases Slightly After Dovish RBA Minutes
First appeared on eFXplus on Nov 18 - 07:40 PM
  • AUD/USD eased to 0.6790 from 0.6805 after release of RBA Minutes nRUAIMEF7C

  • Market reacting to RBA saying there was a case for a November easing

  • Sombre outlook on wages and growth in Minutes also weighs

  • Market pricing in 28% chance of Dec rate cut and 60% chance of Feb cut

  • AUD/USD support at 61.8 of 0.6670/0.6929 move at 0.6769

Source:
Refinitiv IFR Research/Market Commentary

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