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
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Source:
Refinitiv IFR Research/Market Commentary