RBA cut Cash Target Rate by 25bps to a record low of 1.50%. AUDUSD touched a low of 0.7491 before rebounding

GBL: FX Flash

FX Research by Saktiandi Supaat

AUD: Shrugging Off The Cut

RBA cut Cash Target Rate by 25bps to a record low of 1.50%. AUDUSD touched a low of 0.7491 before rebounding towards the mid-0.75, last seen at day high. We eye SoMP release this Fri and expect AUDUSD to hold the 0.72-0.78 range...