By Krishna K — Aug 02 - 01:35 AM
AUD/USD drop extends as risk aversion grips Asia; S&P E-Mini down 0.5%
Asia stocks markets fall broadly after Fitch downgrades U.S. rating
Safe havens USD and JPY gain, UST yields dip slightly; 10-yr down 2bps
AUD/JPY selling undermines AUD; pair down 0.75%, further losses likely
RBA on hold for extended tenure, 10-yr JGB yields hit highest since 2014
AUD/USD support at 0.6563, 76.4% of 0.6459-0.6900 rally
Below 0.6550 could extend drop to 0.6490-0.6500; AUD/JPY support 93.80,93.30
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Source:
Refinitiv IFR Research/Market Commentary