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Mar 28 - 05:55 PM

AUD/USD - Recovers Some Ground On Rising Risk Appetite

By Krishna K  —  Mar 28 - 04:08 PM
  • AUD/USD poised for confident start in Asia after notching gains of 0.85% Fri

  • Boosted by rally in risk assets as global economic recovery optimism rises

  • Supported by commodities, metals rally; copper +2%, Dalian iron ore +3.2%

  • Traders await Biden's multitrillion-dollar infrastructure plan nL1N2LM1P1

  • Surge in China Jan-Feb indl profits likely to lift AUD sentimentnL4N2LO04Q

  • Australia jobkeeper wage subsidy ends, effect of job losses will be watched

  • Resistance 0.7670-75, 0.7700-05, support 0.7600-10, pivotal at 0.7564

  • For more click on FXBUZ


RBA Faces a Spike in Yields and a Strong A$: Click here

Source:
Refinitiv IFR Research/Market Commentary

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