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Thomson Reuters
May 02 - 08:36 PM
AUD/USD - Remains Under Pressure On Reasonably Confident Fed
First appeared on eFXplus on May 02 - 06:20 PM
  • AUD/USD post-FOMC gains fade quickly as Fed deemed confident nW1N1R300O
  • Contrasts with the cautious and dour tone of RBA nS9N1NE00A
  • AXJ bloc weakness weighs, USD/CNH above 100-DMA after nearly a year
  • Trade tensions linger as US considers restrictions on CN telecoms companies
  • SOMP on Fri, Westpac expects more scope for RBA to remain patient on policy
  • 0.7470-80 support being eroded, strong resistance at 0.7530-40

2018: Return of King Dollar?: Click here

2017: Dollar in the dumps: Click here

Source:
Thomson Reuters IFR Markets

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