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Business / Stock Market

AUD/USD Forecast: Holds On To Intraday Gains, Further Gains Will Depend On The RBA

Published Apr 05 2021 at 8:59 PM GMT
Benzinga

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Key
Points
  • AUD/USD Current Price: 0 7651 The Reserve Bank of Australia is expected to keep its monetary policy on hold.
  • Risk appetite took over financial markets following upbeat US macroeconomic figures.
  • AUD/USD holds on to intraday gains, further gains will depend on the RBA.
  • The AUD/USD pair broke higher and reached 0 7659, finding support in a better market’s mood that sent US stocks to record highs, a late reaction to upbeat employment figures released last week.
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  • Published Apr 5, 2021 8:59 PM GMT