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Jun 01 - 10:55 PM

AUD/USD - Steady As Traders Contemplate Inflation & Iran

By James Connell  —  Jun 01 - 09:39 PM

• AUD/USD +0.1% Tue, activity subdued as U.S.-Iran impasse continues

• RBA monetary policy board member Harper concerned on persistent inflation

• AU raises minimum wage 4.75%, likely to compound inflationary pressures

• AU Q1 current account 27.1 bln deficit, Reuters poll consensus -23.2 bln

• Mixed messaging on Iran continues, peace talks may or may not have stalled

• AUD looks vulnerable to downside, drift towards 0.7080 support zone possible

• RBA officials Bullock & Kent to appear before Senate Committee Wed

• Range Asia 0.71575-67, support 0.7080 0.6834, resistance 0.7200 0.7283
AUD Daily 55-DMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters
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