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May 10 - 02:55 AM

AUD/USD - Eases A Touch On P/taking As US Yields Nudge Higher

By Krishna K  —  May 10 - 01:01 AM
  • AUD/USD unchanged in Asia from NYK close, trades range of 0.7837-0.7862

  • Weighed down by p/taking after rising 1% Fri on disappointing U.S. jobs data

  • Rising U.S. yields cap; 10-year yield nears 1.6000% from 1.4690% Fri low

  • Investors remain confident U.S. economy on the road to a strong recovery

  • Surging iron ore and copper prices support AUD; Dalian iron ore +9.1% Monday

  • Australia Apr biz conditions hit new peak, Mar retail sales upnL1N2MX01Y

  • Resistance 0.7865, 0.7885-0.7895, support 0.7815-20, 0.7790-0.7800

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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