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Oct 08 - 07:55 PM

AUD/USD - Posts Modest Gains On Hopes Of US Stimulus Deal

By Krishna K  —  Oct 08 - 05:35 PM
  • AUD/USD opens 0.35% higher boosted by hopes of fresh U.S. fiscal support

  • Buoyed by risk rally as traders look past off-again on-again stimulus talks

  • Mood lifts on rising prospects of decisive Biden victory in U.S. elections

  • Will dispel fears of political uncertainty in U.S., support risk currencies

  • Half-yearly RBA Financial Stability Review will be released Friday

  • Resistance 0.7170-80, 0.7200-10, support 0.7145-50, 0.7120-25

  • For more click on FXBUZ

PredictIt odds on U.S. presidential election: Click here

Refinitiv IFR Research/Market Commentary


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