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May 01 - 07:55 AM

AUD/USD - Weighed Down By Risk Aversion Pre-Fed Event Risk

By Rob Howard  —  May 01 - 05:40 AM
  • AUD/USD slid to 0.6466 in Asia, as stock losses hurt the risk-sensitive AUD

  • Nasdaq fell 2% on Tuesday. 0.6466 is lowest level since April 23

  • Fed event risk from 1800 GMT; hawkish hold expected nL1N3H31SH

  • AUD/USD might extend south towards 0.6400 on ultra-hawkish Fed hold

  • 0.6408 was last week's low (April 22). 0.6587 was Monday's high

  • RBA rate decision next week: Rabobank forecasts hikes in August and November

Source:
Refinitiv IFR Research/Market Commentary

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