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Oct 03 - 10:55 PM

AUD/USD - Heavy; Caution Into US Jobs And Risk Aversion Weigh

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

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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