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Oct 03 - 07:55 AM

AUD/USD - Drops To 11-Month Low By 0.63 On RBA's Repeat Hold

By Rob Howard  —  Oct 03 - 06:20 AM
  • AUD/USD falls to 0.6306 (11-month low) following RBA's repeat rate hold

  • USD supported by scope for another Fed rate rise in November or December

  • On Monday, Mester said she suspects Fed may need to hike before year-end

  • 0.6300 is an option barrier level. Large 0.6300 option expiry Friday

  • A$1 billion strike. 0.6332 (last week's low) is now a resistance level

  • US Aug JOLTS data due at 1400 GMT; 8.8M f/c. US Sept jobs report due Friday

Refinitiv IFR Research/Market Commentary


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