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Aug 07 - 10:55 PM

AUD/USD - Under Some Pressure As USD/JPY Rise Underpins USD

By John Noonan  —  Aug 07 - 09:20 PM
  • AUD/USD edging below 0.6565 in early trading as USD broadly bid

  • USD/JPY has jumped above 143.00 as higher US yields encourages buying

  • Aus consumer sentiment slipped in August despite RBA on hold nS9N36502L

  • AUD/USD support is at yesterday's 0.6555 low where bids are tipped

  • A break below 0.6550 puts the Aug 3 low at 0.6514 in focus

  • China trade data later today could spark some volatility

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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