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AUD/USD within strike of 0.80 expiry, dovish Lowe

RBA Lowe: Australia still has room for lower interest rate Minutes from May 5 RBA meeting when RBA cut 25bp, due tomorrow Large 0.80 option expiry is helping to secure AUD/USD Size of strike estimated at AUD 750mn

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EconoTimes — Reading the Times. Understanding the Future.

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  • RBA Lowe: Australia still has room for lower interest rate

  • Minutes from May 5 RBA meeting when RBA cut 25bp, due tomorrow

  • Large 0.80 option expiry is helping to secure AUD/USD

  • Size of strike estimated at AUD 750mn 

 

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Major Pair Currency Score: AUDUSD Bearish

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