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Thomson Reuters
Sep 27 - 08:36 PM
AUD/USD - Pressured Lower By Robust US Growth Outlook
First appeared on eFXplus on Sep 27 - 06:30 PM
  • AUD/USD opens 0.7% lower in delayed reaction to robust US growth prospects
  • Upbeat Powell reiterates Fed's gradual approach to rate hike
  • Expectations of widening in AU-U.S. rate gap to keep AUD firmly on back-foot
  • Cautious RBA meets Oct 2, certain to reinforce divergent rate path with Fed
  • AU 2-year yields 76 bps below U.S., copper falls for 4th day in row, weighs
  • Support @ 0.7200 under pressure, loss yields 0.7170, resistance 0.7225-35

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