The meeting on Tuesday is the last meeting for the year and the next meeting is not due until 18 February.
AUD was last at 0.6448, OCBC’s FX analysts Frances Cheung and Christopher Wong note. Risks remain skewed to the downside “We expect cash rate to remain on hold at 4.35% as services inflation remains sticky and labour market is fairly tight. The risk is an earlier than expected dovish pivot as softer than expected 3Q GDP print last week saw markets shifted expectations to fully price in a cut at Apr’s meeting.
There were also light chatters if RBA may even need to cut earlier at the Feb meeting.” “Tariff worries, slowing growth momentum and anticipation for earlier RBA cuts are some factors that may continue to undermine AUD in the short term, unless AU labour market report on Thu comes in hotter or USD reverses lower.” “Daily momentum is mild bearish while RSI fell. Risks remain skewed to the downside. Support at 0.6380, 0.6350 . Break out risks a sharp move towards 0.6270 . Resistance at 0.6485 .
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AUD/USD posts modest gains above 0.6450 despite stronger US Dollar, eyes on RBA Meeting MinutesThe AUD/USD pair trades on a stronger note around 0.6460 during the early Asian session on Monday.
Read more »
AUD/USD trades cautiously around 0.6450 ahead of RBA minutesThe AUD/USD pair trades with caution near 0.6450 in Monday’s European session.
Read more »
AUD/USD flat lines above 0.6500 ahead of RBA Meeting MinutesThe AUD/USD pair trades flat near 0.6505 amid the consolidation of the US Dollar (USD) during the early Asian session on Tuesday.
Read more »
AUD/USD holds positive ground near 0.6400 as traders await RBA rate decisionThe AUD/USD pair gains ground to around 0.6400 on the weaker US Dollar (USD) during the Asian session on Monday.
Read more »
AUD/USD slumps to near 0.6550 as Trump trades swell, US inflation in focusThe AUD/USD pair falls sharply to near 0.6550 in North American trading hours on Tuesday.
Read more »
Australian Dollar declines amid US Dollar rally ahead of labor dataThe AUD/USD plunged in Tuesday's session, declining by 0.66% to 0.6535.
Read more »