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Jun 09 - 02:55 AM

AUD/USD - No Joy From Depressed US Yields As RBA Out-Doves Fed

By Krishna K  —  Jun 09 - 01:16 AM
  • AUD/USD little changed in Asia after trading in a narrow 0.7734-0.7744 range

  • Fails to gain despite falling U.S. yields as RBA reiterates dovish stance

  • Dovish talk from RBA official sends AU 10-yr yields to lowest since Feb 23

  • U.S. CPI, ECB meeting Thurs awaited, could shape markets rate expectations

  • AUD rallies capped on perception RBA will lag global peers on rate rises

  • Support 0.7720-25, 0.7700-05, resistance 0.7760-65, 0.7795-0.7800

  • Related nS9N2MR013

  • For more click on FXBUZ


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Source:
Refinitiv IFR Research/Market Commentary

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