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May 03 - 06:55 AM

AUD/USD - Holds Above Monday's High After RBA-Spurred Gains

By Rob Howard  —  May 03 - 04:55 AM
  • 0.7085 is low water-mark for AUD/USD since its RBA-spurred jump to 0.7148

  • RBA raised rates by 25 bps vs 15 bps consensus expectation nL2N2WV05D

  • 0.7085 is 3.5 pips above Monday's high (0.7031 was three-month low Monday)

  • Retreat to 0.7085 influenced by CNH losses vs USD nL2N2WV07RnL2N2WV0AW

  • The Australian dollar is often used as a liquid proxy for the yuan

  • AUD/NZD jumps through 1.10 to 45-month high on hawkish RBA hike nL2N2WV0C7

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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