AUD/USD rises to 0.6745 as higher risk of 50 bps Fed cut this week hurts USD

0.6745 is highest level since Sept 6 (0.6622 was last week's low, Sept 11)

Markets currently see 59% chance of 50 bps Fed cut on Wednesday FEDWATCH

That is up from a 43% chance on Friday, and a 15% chance last Thursday

AUD/USD resistance levels include 0.6767 (Sept 6 high) and 0.68

CFTC data showed net AUD short rose to 14,042 contracts in week to Sept 10