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Thomson Reuters
Jun 25 - 07:24 AM
AUD/USD - Close To Two-Week Peak As Dovish Fed Trumps RBA
First appeared on eFXplus on Jun 25 - 05:30 AM
  • AUD/USD eyes 0.6972 as dovish Fed expectations continue to weigh on USD
  • 0.6972 was new two-week peak in Asia . 0.6969 was Monday's high
  • Mooted offers near 0.70 may cap AUD/USD if it builds on its recent gains
  • 0.6832 was 23-week low seven days ago (June 18), before dovish Fed hurt USD
  • 25bp Fed rate cut for July 31 is fully priced, with risk of a 50bp cut
  • RBA cash rate verdict next week (July 2): 25bp cut is 88% probability

AUDUSD: Click here

Source:
Thomson Reuters IFR Research/Market Commentary

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