Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 07 - 06:55 AM

AUD/USD - Deflated By RBA's Relatively Dovish Hold

By Rob Howard  —  May 07 - 05:05 AM
  • AUD/USD falls to 0.6587 after RBA maintains neutral stance on interest rates

  • 0.6649 was Asian session high, pre-RBA, on expectations of a hawkish hold

  • Asia high was pip shy of Friday's eight-week peak (scaled on US data misses)

  • 0.6587 is lowest level since Friday (0.6587 was also April 29 high)

  • CFTC data showed net AUD short fell 13% to 83,235 contracts at end-April

  • Australian PM Albanese says China military air incident unacceptable

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!