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
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Source:
Refinitiv IFR Research/Market Commentary