AUD/USD operates around sessions lows,.......>

AUSSIE: AUD/USD operates around sessions lows, last $0.7244.

- This comes on the back of broader risk off flows and in the wake of the RBA's

latest SoMP, which saw the RBA leave its 2020 CPI & underlying inflation

forecasts unchanged at 2.25%, after the Bank noted that "the central scenario is

for inflation to be 2.25% in 2019 and a bit higher in the following year" back

on Tuesday (the "a bit" language was in the written statement today, but the

central projections remained unch.), modest changes across the GDP forecasts

were apparent (a couple of small mark ups in 2018 & 2020), with the longer run

unemployment estimate nudged down to 4.75% as expected.

- Hourly supported noted at $0.7240/30, Bears need a break back below the 50-DMA

at $0.7160 to test broken down trendline resistance-turned-support from the Feb

highs, which comes in at $0.7150.