Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Nov 14 - 04:55 PM

AUD/USD - Slides To Fresh 3-Mth Low As Powell Cautions On Rates

By Krishna K  —  Nov 14 - 03:30 PM
  • AUD/USD -0.6% heading into New York close as Powell cautions on rate cuts

  • Hits a 3-month low of 0.6441 as USD rallies broadly on Powell comments

  • Powell says no need for Fed to rush rate cuts given strong economy

  • USD index hits 1-year high, U.S. yields recover from earlier pullback

  • Elevated U.S. yields, sliding commodities, China concerns weigh on AUD

  • Support 0.6441 April 23 low, break opens 0.6408, low on April 22nd

  • Major support base at 0.63485-0.63625; resistance 0.6490-0.6500, 0.6515-20

  • China monthly activity data Friday awaited; Thu range 0.6441-0.64995

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!