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Mar 07 - 01:55 AM

AUD/USD - Bears Take Control After RBA's Cautious 25Bps Hike

By Krishna K  —  Mar 07 - 12:10 AM
  • AUD/USD down 0.25% heading into Europe after RBA softens hawkish outlook

  • RBA raises rates 25 bps to more than decade high, tempers hawkishness

  • C.bank cautious as unemployment rises, economy slows, wage growth is modest

  • AU bonds rally as markets lengthen odds on further hikes; 10-yr yield -6 bps

  • Powell testimony Tues, Wed and U.S. jobs data Friday key for direction

  • Support 0.6690-95, 0.6664, resistance 0.6750, 0.6770-80

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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