eFX Apex
The Institutional-Grade Data Hub
- Plus: Discretionary Trades
- Edge: Sentiment Trades
- Alpha: Systematic Trades
- Apex: Full Big Data Stream
• AUD/USD opens 0.45% lower after trading in a 0.69625-0.7021 range on Thu
• Undermined by risk aversion, U.S.-Iran tensions, surging oil prices
• Wall Street declines on AI spending worries, Brent futures settle over $100
• U.S. 10-yr yield jumps to 18-mth high on inflation concerns, Fed rate bets
• AUD drop limited by jump in AU jobs data Thu as RBA rate hike bets build
• Support at 0.6960-65 under threat, more support at 0.6945-50, 0.6920-25
• Resistance 0.6995-0.7000, stronger at 0.7020-25; Australia Q2 CPI Wed key
AUD:
(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)