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Feb 22 - 11:55 PM

AUD/USD - Bid Tone Prevails As Asia Basks In Risk Afterglow

By Krishna K  —  Feb 22 - 10:15 PM
  • AUD/USD rises 0.3% in Asia, boosted by Nvidia propelled risk rally

  • Shanghai Composite rises above key 3000 level before paring gains, supports

  • Underpinned by AUD/JPY demand despite closure of Japan markets Friday

  • Robust U.S. economic performance, elevated Treasury yields temper AUD rally

  • Fed officials Cook, Walker and Harker stress patience on rates

  • Asia range 0.6550-0.6574; resistance 0.6580, 6600-05, support 0.6540, 0.6520

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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