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Thomson Reuters
Apr 16 - 07:24 AM
AUD/USD - Weighed Down By Dovish RBA Message, Pre-China GDP
First appeared on eFXplus on Apr 16 - 05:35 AM
  • AUD/USD has held below 0.7152 (Apr 9 high) since dropping to 0.7140 in Asia
  • The drop to 0.7140 was spurred by the dovish RBA minutes nL3N21Y0PR
  • 0.7175 was the Asian session high (before the RBA minutes were published)
  • Bids expected pre-0.7100 if AUD/USD extends south (0.7116 was Friday's low)
  • China Q1 GDP data, due Wednesday at 0200GMT, could also impact the AUD
  • 6.3 pct is consensus forecast: beat could lift the risk-sensitive AUD

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