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Oct 03 - 07:55 AM

AUD/USD - Holds Above 0.64 Before RBA Rate Decision

By Rob Howard  —  Oct 03 - 05:50 AM
  • 0.6426 is AUD/USD low water-mark since its 0.6460 intra-day high at 0554 GMT

  • High was posted after BBC reported UK tax policy U-turn was imminent

  • U-turn was confirmed at 0625 GMT nL8N31413V. RBA event risk ahead

  • 21 of 29 economists polled by Reuters expect 50 bps RBA hike at 0330 GMT

  • The other eight forecast a more modest 25 bps rate rise nL4N30Z39L

  • 0.6390 was pre-weekend low, as U.S. stocks fell (AUD is risk-sensitive)

Source:
Refinitiv IFR Research/Market Commentary

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