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Jul 02 - 07:24 AM
AUD/USD - Holds Below 0.70 Before RBA's Lowe Speaks In Darwin
First appeared on eFXplus on Jul 02 - 05:10 AM
  • Mooted offers ahead of 0.70 are helping to keep a lid on AUD/USD pre-Lowe
  • The RBA Governor will be speaking in Darwin at 0930GMT (7.30pm AEST)
  • AUD/USD might vault 0.70 if Lowe is less dovish than expected
  • 0.6957 was low after RBA cut cash rate to 1.0% at 0430GMT nL4N2424PB
  • That low was a pip shy of the low Monday (when pair slid from 0.7039)
  • Australian government poised to secure A$158 bln tax cut plan nL4N24317V

AUDUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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