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AUD - Citi expect an RBA pause in June and another hike by August. Bearish AUD/NZD.
This is via the folks at eFX. For bank trade ideas, check out eFX Plus. For a limited time, get a 7 day free trial, basic for $79 per month and premium at $109 per month. Get it here. According to Citi, the Australian dollar (AUD) experienced a significant decline following a significant miss in the labor data. Employment change turned negative, contrasting sharply with the positive consensus. The unemployment rate, too, overshot consensus estimates, resulting in a dip in Aussie 3-year yield...
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Posted: May 18 2023, 21:34
Author Name: forexlive
Views: 111045