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May 02 - 07:55 PM

AUD/USD - Buoyant As Risk Rallies On Less-Hawkish Than Feared Fed

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

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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