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Jun 23 - 11:00 PM
AUD/USD - RBA Maintains Call For Infrastructure Investment
First appeared on eFXplus on Jun 23 - 08:45 PM
  • +0.4% as Asia open on less dovish RBA Lowe comments - likely short lived
  • He said rate cuts at low yield levels may not be enough to boost economy
  • Puts pressure on gov't to increase infrastructure investment for growth
  • This is not a change in the RBA's position, nS9N21I020 and nL4N23R1AM
  • Charts - momentum studies climb, 5, 10 & 21 DMAs conflict at neutral levels
  • Little bias, earlier 0.6921 low & 0.6976 June fall support/resistance

aud 2 jun 24 Click here

Source:
Refinitiv IFR Research/Market Commentary

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