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Nov 07 - 09:48 PM
AUD/USD - Gives Back Thursday's Gains After RBA SOMP
First appeared on eFXplus on Nov 07 - 08:35 PM
  • AUD/USD eased to 0.6879 after the release of the RBA SOMP for Q3 nRUA7MEF75

  • Forecasts little changed, but RBA gloomy on prospect of wage growth

  • RBA said unemployment has to fall much lower to stimulate wages

  • Market focusing on the down-beat wage comments and sold AUD

  • RBA didn't appear anxious to lower rates soon, but retained easing bias

  • AUD/USD finding buyers around 0.6880 with support at 21-day MA at 0.6850






eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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