AUD

USD is the biggest long in G10 FX; AUD the biggest short - Credit Agricole

• AUD/USD is up 1.1% today

AUDUSD runs higher helped by risk-on flows

• Extends toward - and now above - the 0.7000

AUD/USD little changed after the Reserve Bank of Australia Statement

Australian services PMI for July: 51.7 (prior 48.8)

Australia data - June exports +5% m/m (vs. expected 0.0%)

RBNZ no longer the leader; further room to run higher in AUD/NZD - ANZ

• Strategy for the Australian and New Zealand dollars

AUDUSD tests lower swing area/38.2% on the hourly again. Can the sellers win?

• Earlier break lower failed

Australian data - Q2 retail sales rise 1.4% q/q (vs.expected 1.2%)

Australian service PMI for July (final from Markit/S&P Global) is 50.9 (prior 52.6)

Australian Industry Group Performance of Construction Index in July drops further, to 45.3

AUDUSD bounces back to the 200 hour MA area

• Bounce off 38.2% support target

AUD/USD down 1% on the day now after RBA rate decision

• The aussie hits the skids as the RBA is perceived to turn less hawkish

A 50bp cash rate hike is expected from the RBA Tuesday 2 August 2022 - previews

Australian home loans data for June, lower on the month

Australian data - June Building Permits -0.7% m/m (vs. expected-5.0%)