Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 21 - 01:55 AM

AUD/USD - Failure To Rally On Positives Takes A Toll

By Krishna K  —  May 20 - 11:50 PM
  • AUD/USD down 0.2% in Asia, takes slightly hawkish RBA minutes in stride

  • Australia central bank pondered raising rates on higher inflation risks

  • But traders relieved as c.bank says inflation expectations well anchored

  • Expectations that next move from RBA will be a rate cut gain ground

  • Markets price in a December rate cut probability at 50%, April cut at 85%

  • AUD downside limited as RBA rate stance diverges from other major cenbanks

  • Elevated commodity prices and carry-trade demand buoy AUD outlook

  • Supports 0.6645-50, 0.6620-25, resistance 0.6690-95, 0.6710-15

  • Asia range 0.6675-0.66465

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!