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TDUX
Apr 29 - 10:55 PM

AUD/USD - Firms Slightly As Reality Settles On RBA Hike

By James Connell  —  Apr 29 - 09:39 PM

• AUD/USD +0.1% Thur, trading subdued as traders reset for May 5 RBA outcome

• Futures pricing implies probability of 25 bps hike has risen to 80%

• Test of major 0.7250-85 remains likely in run up to Tue's RBA meeting

• FOMC keeps statement easing bias (3-dissenting votes), leaves FFR unchanged

• U.S.-Iran deadlock ongoing, oil surges on refreshed supply concern

• AU Q1 export prices +0.5% q/q, import prices +0.1% q/q

• U.S. initial jobless claim (poll 215k), Mar PCE & Q1 GDP advance due Thur

• Range Asia 0.71145-33, support 0.6834 0.6660, resistance 0.7250 0.7283
AUD Daily 55-DMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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