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Jul 17 - 07:55 PM

AUD/USD - Bears Pause As Risk Sentiment Recovers

By Krishna K  —  Jul 17 - 06:25 PM
  • AUD/USD likely to enjoy respite from selling after closing 0.66% higher Fri

  • Supported by waning fears of a jumbo Fed rate hike in July nL1N2YW1AY

  • 100 bps hike fears abate as U.S. inflation expectations ease nL1N2YW1C9

  • Wall Street's solid rebound, talk of bigger RBA rate hikes to underpin

  • NAB, Goldman Sachs, Nomura and TD Securities expect 75bps RBA hike in Aug

  • China's sharp economic slowing, falling iron ore price to cap rallies

  • Iron ore sinks below $100 on grim China demand outlook nL1N2YW0CV

  • Resistance 0.6825-30, 0.6850-55, 0.6875-80, support 0.6755-60, 0.6720-25

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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