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Sep 13 - 01:55 AM

AUD/USD - Holds Gains, Upbeat Risk Sentiment Supports

By Krishna K  —  Sep 12 - 11:35 PM
  • AUD/USD bid in Asia but fails to build on gains despite broadly weaker USD

  • Downside limited on heightened speculation of a large Fed rate cut next week

  • Reports from FT and WSJ suggest size of Fed cut Wed will be a close call

  • Probability of 50 bps cut rises to 41% in Asia from 29% on Thu FEDWATCH

  • Diverging Fed-RBA rate expectations, rally in equities & commodities support

  • Persistent concerns over China's economy, AUD/JPY sales limit AUD gains

  • Saturday China activity data key; Asia range 0.67215-0.6733

  • Resistance 0.6747,61.8% of 0.6824-0.6622 drop; support 0.6695-0.6700, 0.6675

  • Links - WSJ: Click here ; FT: Click here

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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