By Justin Mcqueen — Aug 07 - 06:00 AM
Firmer risk tone underpins AUD/USD (+0.7%), door open to test 0.66
First challenge for bulls with 200/100DMAs at 0.6597-0.6602
BoJ's Uchida tones down recent hawkish rhetoric nL1N3JU03L
Prompts extension of risk rally and yen selling
Meanwhile, AUD is also backed by a hawkish RBA
Among preferred expressions of AUD upside is against CHF
Swiss franc back at uncomfortable levels for the SNB nL1N3JS0CG
Close above 0.5600 would negate downside risks
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Source:
Refinitiv IFR Research/Market Commentary