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May 15 - 08:55 PM

AUD/USD - Rallies As USD Slumps Broadly; AU Jobs Data In Focus

By Krishna K  —  May 15 - 07:40 PM
  • AUD/USD poised for further gains after closing 0.95% higher on Wednesday

  • Boosted by weak U.S. data which fuels Fed rate cut expectations

  • U.S. consumer inflation resumes downward trend as domestic demand cools

  • Risk rally, lower U.S. yields and rising commodity prices fuel AUD rally

  • Bloomberg Commodity Spot Index rises to highest reading since 2023

  • RBA rate expectations diverge from those of other c.banks, supporting AUD

  • AU jobs data due; 23.7k jobs expected, unemployment rate to nudge up to 3.9%

  • RBA Assistant Governor Sarah Hunter speaks on housing market cycles

  • Resistance 0.6731-51, Jan 24th high and the 76.4% of the Dec-April drop

  • Support 0.6665-70, 0.6645-50; Wednesday global range 0.66215-0.66945

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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