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Feb 08 - 01:55 AM

AUD/USD - Holds Fri Gains, Positive Risk Sentiment Supports

By Krishna K  —  Feb 07 - 11:22 PM
  • AUD/USD holds Fri U.S. NFP inspired gains as markets start week on wary note

  • Supported by U.S. fiscal stimulus hopes as reflation trade makes a comeback

  • Americans earning $60,000 should get stimulus checks- Yellen nL1N2KD0J5

  • E-Mini +0.45%, ASX 200 rallies 0.8% to near 1-year high, boost AUD sentiment

  • Dalian iron ore +3%, London copper +1%, underpin Aussie

  • Resilience to recent metals correction, dovish RBA positive for AUD uptrend

  • Resistance 0.7690-0.7700, 0.7720-25; support 0.7635-40, 0.7590-0.7600

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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