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Oct 21 - 07:55 PM

AUD/USD - Slumps As Commodities Selloff & US Yields Rise

By Krishna K  —  Oct 21 - 05:49 PM
  • AUD/USD opens 0.65% lower as Fed tightening expectations increased

  • Undermined by rising U.S. yields; 5-year at highest since Feb 2020

  • Robust U.S. economic reports and rising inflation expectations weigh

  • Commodities slump adds to AUD selling; copper down 3%, Brent oil -1.2%

  • Failure at 0.7557-64 resistance leads to technical selling/ profit-taking

  • Fed Chair Powell participates in policy panel discussion Friday

  • Support 0.7440-45, 0.7405-10, resistance 0.7500-05, 0.7525-30, 0.7557-64

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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