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May 05 - 07:55 PM

AUD/USD - Boosted By Revival In Fed Rate Cut Expectations

By Krishna K  —  May 05 - 06:35 PM
  • AUD/USD stays bid in early Asia after closing 0.7% higher on Friday

  • Boosted by lower U.S. yields on softer-than-expected U.S. jobs data

  • Buoyed by buoyant risk appetite as Fed rate cut expectations revive

  • Expectations of a hawkish shift in RBA's rate stance on Tue underpins

  • Higher JPY, CNH lift AUD; Japan holiday Mon, traders on intervention watch

  • Yellen counsels caution on currency intervention after yen surge-BBG

  • AUD Fri range 0.6565-0.6650; strong resistance 0.6665-75, support 0.6550-60

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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