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Aug 13 - 09:55 PM

AUD/USD - Holds Gains As RBA-Fed Rate Expectations Diverge

By Krishna K  —  Aug 13 - 08:45 PM
  • AUD/USD buoyant after closing 0.75 higher Tuesday on Fed rate cut optimism

  • Tame July U.S. producer prices, expectations of waning inflation boost risk

  • Probability of 50 bps Sep Fed rate cut rises to 54%, 25bps at 46% FEDWATCH

  • Diverging RBA-Fed rate expectations fuel AUD rally; U.S. CPI Wed key

  • Australia employment, China monthly activity data Thu also pivotal for trend

  • China new loans hit 15-year low in July, may temper enthusiasm

  • Resistance 0.6639, 55-DMA.; daily close above targets 0.6692

  • Support 0.6600-05, 0.6575-80; Tuesday range 0.65795-0.66375

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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