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TDUX
Oct 04 - 05:55 PM
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AUD/USD - Better Tone Likely As Oct Fed Rate Bets Cool

By Krishna Kumar  —  Oct 04 - 05:07 PM

• AUD/USD likely to stay bid on dips after closing 0.3% higher Friday

• Supported by weaker-than- expected US jobs data, waning Oct Fed rate bets

• US NFP +29k in Sep vs. 90k expected, prior 2 months revised sharply lower

• Odds of Fed Oct hike hover around 23%, was around 70% early last week

• US yields fall sharply after jobs data, but close higher as oil rebounds

• Fed's Hammack says there's still time to weigh next monetary policy move

• Support 0.6900-10, 0.6865-70, resistance 0.6975-80, 0.6995-0.7000

• Friday range 0.6913-0.6975; Chinese markets closed Mon
AUD:


(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters
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