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May 21 - 07:55 PM

AUD/USD - Cautious Start As Debt Ceiling Talks Set To Resume

By Krishna K  —  May 21 - 06:00 PM
  • AUD/USD almost unchanged in early Asia after closing 0.45% higher Friday

  • Traders await developments on debt ceiling talks as June 1 deadline nears

  • Biden and McCarthy to meet on Monday as debt ceiling talks resume

  • Staff members from both sides will reconvene for talks at 1800 GMT on Sunday

  • Moderately dovish comments from Powell Friday likely to limit AUD downside

  • Yuan fluctuations, China's monthly fixing of its loan prime rate eyed Monday

  • Support 0.6620-25, 0.6600-05, resistance 0.6670-75, 0.6700-10

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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