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