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AUD Firmer After NAB Changes Rate Call

FOREX

AUD is now the strongest performer in the G-10 space, NAB has returned to its February call that rates will peak at 4.1% in August or possibly July.

  • AUD/USD is now up ~0.2% printing at $0.6660/65. Resistance is seen at $0.6818 10 May high.
  • AUD/NZD is up ~0.1%, the pair has ticked away from its 20-Day EMA ($1.0727) through the session.
  • Elsewhere in G-10 NZD and EUR are both 0.1% firmer.
  • Cross asset wise e-minis have ticked away from session lows to deal ~0.05% lower marginally pressuring the USD. US Treasury Yields are little changed across the curve.

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