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Jul 11 - 01:55 AM

AUD/USD - Under Pressure On Expectations Of Bigger Fed Rate Hikes

By Krishna K  —  Jul 10 - 11:45 PM
  • AUD/USD down 0.45% on aggressive Fed rate expectations & elevated US yields

  • Under pressure from opening bell as JPY weakness permeates to all currencies

  • Soured risk appetite in Asia on China COVID concerns weighs; SSEC down 1.4%

  • Shanghai finds new Omicron subvariant, Macau shuts down casinos nL1N2YR04X

  • U.S. CPI Wed key this week as it will further shape Fed expectations

  • Asia range 0.6860-0.6816; resistance 0.6870,0.6895-0.6900, support 0.6800-10

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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