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Jul 27 - 02:55 AM

AUD/USD - Off Lows As US Stock Futures Rally Strongly In Asia

By Krishna K  —  Jul 27 - 01:15 AM
  • AUD/USD claws back some ground after falling 0.35% to day low of 0.6912

  • Helped by 0.9% rally in S&P E-Mini as Microsoft, Google boost risk mood

  • Microsoft forecast steep revenue growth, Google search ads beat targets

  • Australian CPI speeds to 21-year high, peak still to come nL1N2Z802I

  • Data met expectations; RBA seen hiking 50bps next week, less chance of 75bps

  • Asia range 0.6957-0.6912; focus shifts to Fed rate decision later Wednesday

  • Pivotal resistance at 0.6980-85, supports 0.6910-15, 0.6870-80

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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