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Jul 25 - 02:36 AM
AUD/USD - Eases After Dovish Comments From RBA's Lowe
First appeared on eFXplus on Jul 24 - 11:20 PM
  • RBA Governor Lowe said RBA ready to ease if demand disappoints
  • He noted that rates will remain low for extended period nS9N23B001
  • Speech focussed on inflation and need to try and get in 2-3% target
  • Comments suggest more RBA easing ahead and coming meetings will be 'live'
  • AUD/USD eased below 0.6970 from just above 0.6980 before the comments
  • Support at 55-day MA (0.6957) & break targets 61.8 of 0.6932/0.7083 @ 0.6927

aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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