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Oct 29 - 06:55 AM
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AUD/USD - Retreats From Five-Week Peak; US Data Ahead
By Robert Howard — Oct 29 - 04:50 AM
• AUD/USD tests 0.7036 (ex-resistance level) after extending south from 0.7068
• 0.7036 was last week's high. 0.7068 was five-week high in Asia
• Fed awaits 'accumulation of more information'
• US Sept PCE and advance Q3 GDP data is due at 1230 GMT
• Core PCE forecast up 0.3% MM, 3.1% YY. GDP forecast up 3.2%
• RBA rate decision next week: markets see 83% chance of
hike
AUDUSD
(Robert Howard is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters