February 07, 2023 07:34 GMT
In the red against G10s
- The Dollar remains in the red post the EU Cash Govie open, with very limited moves in FX.
- Best performer is the AUD, after the RBA hiked the expected 25bps, but signalled more hikes.
- Despite the outperformance, AUDUSD failed to break 0.6949, yesterday's high, printing a 0.6951 high overnight, after the pair traded to its lowest level since the 6th January yesterday.
- Resistance in AUDUSD is still at 0.6949, followed by the 0.6984 area.