By Krishna K — Sep 05 - 12:50 AM
AUD/USD -0.5% in Asia as U.S. yields rally; 2-yr, 10-yr +4bps from Fri close
Opened at 0.6461, sold down to 0.6417 with very little bounce seen
RBA leaves rates unchanged at 4.10% as expected, stays slightly hawkish
Warns further tightening might be needed; taken in stride by markets
Higher-for-longer Fed rate view, "Goldilocks" U.S. economy undermine AUD
China's August services activity slows amid sluggish demand, weighs
Australia economy gets a boost from visitors, infrastructure splurge
Net exports impact on Q2 GDP +0.8 pct points vs. +0.3 expected
Allays concerns of negative GDP Wed set off by business inventories drop
Support 0.6400-05, break opens 0.6365-80; resistance 0.6460, 0.6480
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary