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Sep 05 - 03:55 AM

AUD/USD - Pressured By Bullish DXY

By Catherine Tan  —  Sep 05 - 02:30 AM
  • AUD/USD comes under further selling pressure into early London trades

  • Extended rally in DXY, and collapse in EUR and CNH add to pressure in AUD

  • DXY last at 110.13, current rally to have legs towards 115 target

  • AUD/USD last at 0.6787-90; traded amid 0.6771-0.6804 so far

  • Focus at 0.6680 year-to-date low, break risks return to 0.64-0.65

  • RBA expected to hike rates by 50bps tomorrow, but doubt will aid AUD

  • Related nL4N30C02D

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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