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Jul 17 - 01:55 AM

AUD/USD - Holds Above Solid Support As Fed Rate Bets Strengthen

By Krishna K  —  Jul 16 - 11:55 PM
  • AUD/USD inches higher in Asia as risk rallies on Fed rate cut bets

  • Supported by lower U.S. yields; 10-year yields hover near four-month low

  • Upside capped as weak China economic data continues to weigh on sentiment

  • Lower commodity prices on China demand fears weigh on AUD

  • Downside limited as RBA-Fed rate expectations diverge

  • Australia employment data Thursday key for RBA rate expectations

  • Previous highs at 0.6705-15 now solid support; resistance 0.6765-70, 0.6800

  • Asia range 0.6726-0.6741

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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