Wall Street bounce boosts AUD/USD and ASX 200 ahead of RBA rate decision

From Investing.com: 2025-05-20 01:22:00

Wall Street’s bounce helped boost the Australian dollar and ASX 200, with a recovery in risk appetite driving gains in cyclical assets. The Reserve Bank of Australia is expected to cut rates by 25 basis points, with focus shifting to the bank’s guidance on future rate outlook. A hawkish tone could lift the AUD but weigh on equities. The AUD/USD is testing the key 200DMA with bullish signals. ASX 200 momentum remains strong, with 8400 as a key resistance level. Market reaction will likely center on the RBA’s policy statement and updated forecasts, particularly on inflation projections.



Read more at Investing.com: AUD/USD and ASX 200 Surge Into RBA With Guidance in the Crosshairs