By Krishna K — May 02 - 07:00 PM
AUD/USD likely to remain bid in Asia after closing 0.75% higher on Thursday
Boosted by Fed indicating that it was still leaning toward a dovish stance
Buoyed by Powell's comments Wed that Fed rate increases remained unlikely
Decline in U.S. yields, Wall Street rally, higher CNH boost AUD sentiment
Expectations of a hawkish shift in RBA's rate stance on Tue underpins AUD
Focus shifts to U.S. payrolls data due Fri, forecast is for 243,000 new jobs
ANALYSIS-Powell's soothing tone may not be enough for inflation-spooked mkts
Resistance 0.6585-90, 0.6610-15, support 0.6545-50, 0.6520-25
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Source:
Refinitiv IFR Research/Market Commentary