Australian Dollar: RBA pause keeps downside risks alive – BBH

Brown Brothers Harriman’s Elias Haddad reports that AUD/USD has retraced part of its US-Iran peace agreement rally after the Reserve Bank of Australia left rates unchanged at 4.35%. The RBA reaffirmed its data-dependent pause but did not rule out further tightening, while BBH would fade market pricing for another hike and sees scope for AUD/USD to undershoot 0.7000 near term.

RBA on hold with data-dependent stance

"AUD/USD retraced some of yesterday’s US-Iran peace agreement rally."

"As was widely expected, the RBA left the policy rate unchanged at 4.35% after delivering three consecutive 25bps hikes since February."

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"The RBA reaffirmed its data-dependent pause."

"However, the RBA did not rule out “increasing the cash rate target further if required.”"

"Bottom line: Australia-US 2-year bond yield spreads suggests AUD/USD can undershoot 0.7000 in the near-term."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

РЫНОЧНЫЕ КОТИРОВКИ

Название / Символ
График
% Изменение / Цена
GBPUSD
Изменение за 1 д.
+0.20%
1.34484
EURUSD
Изменение за 1 д.
+0.30%
1.12282
USDJPY
Изменение за 1 д.
+0.03%
157.967
AUDUSD
Изменение за 1 д.
+0.27%
0.69233