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AUD/USD, USD/JPY: US rate outlook in focus ahead of RBA meeting, ISM services
AUD/USD endured a rollercoaster ride on Monday, opening sharply higher before reversing hard in European and North American trade, slamming it back below key downtrend resistance. While the RBA’s final rate meeting of 2023 is the headline act on the Australian data calendar, movement in pairs such as USD/JPY are likely to be dictated by gyrations in US yields and USD/CNH, the latter acting as somewhat of a lead indicator for broader moves in FX and precious metals markets to start the trading week. RBA statement in focus for AUD/USD traders With markets and economists unanimous in the view the cash rate will be ... (full story)