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Mar 08 - 01:55 AM

AUD/USD - Holds Gains As Risk Rally Powers Ahead

By Krishna K  —  Mar 07 - 11:55 PM
  • AUD/USD rallies 0.15% in Asia as Fed rate expectations and risk rally lead

  • Rising optimism that Fed is moving towards easing policy undermines USD

  • U.S. 2-yr yield -5bps Thu; 10-yr falls to lowest in 1-mth before recovering

  • Buoyant China trade on Thursday, rally in commodities boosts AUD

  • U.S. jobs data Fri key ; economists expect 200,000 jobs to have been added

  • China inflation data due Sat; support 0.6595-0.6600, 0.6560-70

  • Resistance 0.6655-60, 0.6700-05; Asia range 0.6613-0.6631

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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