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Oct 19 - 06:55 AM

AUD/USD - Helped To Six-Week Peak By Bets On RBA Rate Hikes

By Rob Howard  —  Oct 19 - 05:05 AM
  • AUD/USD rise to threaten 0.7477 influenced by growing bets on RBA rate hikes

  • See: nL1N2RF077. 0.7477 was last month's high (Sept 3)

  • RBA still does not expect to raise rates until 2024-RBA minutes nL1N2RF05J

  • Risk-sensitive AUD is also benefitting from commodity and equity price gains

  • See: nL1N2RF06DnL1N2RF0HS. 0.75 is a resistance level beyond 0.7477

  • 0.7440 (Friday's high) is now a support point (0.7438 was Monday's high)

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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