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Aug 07 - 08:55 PM

AUD/USD - Sags As Risk Aversion Returns; RBA Governor Speech Eyed

By Krishna K  —  Aug 07 - 08:05 PM
  • AUD/USD down 0.1% in Asia as rally fizzles, return of risk aversion weighs

  • Closed unchanged Wednesday after failing to sustain earlier gains of 0.85%

  • Undermined by weak close on Wall Street as tech stocks pulled indexes lower

  • Nasdaq futures -0.7%, Nikkei futures-3.3%, JPY +0.35% Thu as Asia sells risk

  • RBA's Bullock speech on economic conditions in post-pandemic Australia eyed

  • Support 0.6500-05, 0.6470-80, resistance 0.6545-50, 0.6570-75

  • Wednesday global range 0.65745-0.65105; Asia Thu range 0.6508-0.65185

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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