By Rob Howard — May 07 - 05:05 AM
AUD/USD falls to 0.6587 after RBA maintains neutral stance on interest rates
0.6649 was Asian session high, pre-RBA, on expectations of a hawkish hold
Asia high was pip shy of Friday's eight-week peak (scaled on US data misses)
0.6587 is lowest level since Friday (0.6587 was also April 29 high)
CFTC data showed net AUD short fell 13% to 83,235 contracts at end-April
Australian PM Albanese says China military air incident unacceptable
Source:
Refinitiv IFR Research/Market Commentary