By Krishna K — Oct 03 - 09:50 PM
AUD/USD stays offered as safe-haven demand keeps USD supported
Weighed down by robust U.S. economic data, higher U.S. yields
Chances of 50bps cut in Nov now at 35% down from 49% last week
Divergence in RBA rate stance with most other central banks supports
China stimulus euphoria, elevated copper and iron ore prices limit drop
Initial support at 0.6820, more at 0.6800; resistance 0.6875-80, 0.6900-05
Friday range 0.6852-0.6840
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Source:
Refinitiv IFR Research/Market Commentary