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May 07 - 07:55 PM

AUD/USD - Opens Lower As RBA Reiterates Neutral Policy Stance

By Krishna K  —  May 07 - 06:30 PM
  • AUD/USD opens 0.4% lower as RBA refrains from reverting to tightening bias

  • C.bank not ruling anything in or out on rates but vigilant on price risks

  • Keeps door ajar for rate hike but hawks disappointed with unchanged stance

  • Traders slash bets of another hike this year; AU 10-yr yield falls 11 bps

  • RBA's higher-for-longer rate stance least dovish of major central banks

  • AUD likely to remain bid on dips as a result; Tue global range 0.6649-0.6587

  • Resistance 0.6625-30, 0.6645-50, support 0.6580-85, 0.6540-50

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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