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Nov 05 - 01:55 AM

AUD/USD - Inches Back Up As RBA Stands Out With Hawkish Tone

By Ewen Chew  —  Nov 05 - 12:20 AM
  • AUD/USD inches up to 0.6594 from post-RBA dip to 0.6582

  • Tues close above 0.6584 exits Bollinger downtrend channel

  • RBA governor strikes outlying hawkish tone nP8N3K20A2

  • Sees upside inflation risks; need for restrictive rates

  • But stands ready to act if economy turns downwards

  • Australia c.bank held rates Tues, as expected nL4N3MB20G

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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