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Jun 16 - 08:55 PM

AUD/USD - Struggles To Hold Gains In Risk Averse Markets

By Krishna K  —  Jun 16 - 08:30 PM
  • AUD/USD drifts lower in Asia as risk aversion continues to roil markets

  • Weighed down by global recession fears and investors flight to safe havens

  • Capped by AUD/JPY sales on speculation of a BOJ policy tweak nL4N2Y21GF

  • Slump in price of iron ore and copper limit AUD rallies nL1N2Y30CE

  • Downside limited as expectations of 50bps RBA rate hikes in July, Aug rise

  • Resistance 0.7665-70, 0.7100-10, support 0.7015-20, 0.6990-95

  • For more click on FXBUZ

Fed target rate probabilities for Dec 14 meeting Click here

Refinitiv IFR Research/Market Commentary


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