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Nov 02 - 01:55 AM

AUD/USD - Eases Slightly As RBA Pushes Back On Hawkish Expectations

By John Noonan  —  Nov 01 - 11:43 PM
  • RBA statement not as hawkish as market pricing ahead of decision

  • AUD/USD slipped to as low as 0.7485 before bouncing back above 0.7500

  • RBA abandoned YCC but will continue to buy bonds at pace of 4 BLN per week until Feb 2022 nAZN01RQID]

  • RBA statement was upbeat on growth, but downplayed concerns on inflation

  • RBA said they were prepared to be patient on policy

  • AUD/USD support at 10-day MA at 0.7507 broken with next support at Monday 0.7485 low

  • RBA Governor Lowe will have a Q&A at 16:00 Sydney time

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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