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TDUX
Sep 01 - 05:55 PM

AUD/USD - Softens As Oil Supply Disruption Fears Escalate

By James Connell  —  Sep 01 - 05:27 PM

• AUD/USD -0.5% from Tue 0.71805 high, while DXY & UST yields grind higher

• U.S. launches fresh strikes on Iran, Brent crude +5.2% to $95.13 a barrel

• Futures pricing now implies 67.5% probability of Fed rate hike in Sep

• AU Q2 real GDP due Wed, Reuters poll consensus +0.3% q/q, +1.8% y/y

• AUD may drift toward 0.7108 21-DMA, break below may encourage short sellers

• RBA's Sarah Hunter & Dr James Bishop appear before Senate Committee Thur

• Pivotal U.S. Aug non-farm payrolls due Fri, Reuters poll consensus +55k

• Overnight range 0.7139-653 support 0.6920 0.6866, resistance 0.7210 0.7282
AUD Daily 21/55/100-DMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters
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