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Aug 15 - 09:55 PM

AUD/USD - Bid As RBA Governor Bullock Reiterates Hawkish Stance

By Krishna K  —  Aug 15 - 08:45 PM
  • AUD/USD supported in Asia after closing 0.2% higher Thu despite strong USD

  • Displays resilience as risk rallies and carry trade demand returns

  • Wall Street, global markets surge on U.S. economic optimism, lift risk mood

  • RBA's Bullock stresses higher-for-longer on rates, underpins AUD

  • Diverging RBA-Fed rate expectations likely to limit AUD downside

  • Concerns on China's floundering economy likely to cap AUD gains for now

  • Support 0.6575-80, 0.6550-55, resistance 0.6640-45, 0.6690-0.6700

  • Thursday range 0.6570-0.6634; Asia range 0.6608-0.6615

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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