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Jan 31 - 05:55 PM

AUD/USD - Dip Buyers Prosper As Risk Rally Motors On

By Krishna K  —  Jan 31 - 05:10 PM
  • AUD/USD trades with a firm tone following its recovery from 0.6983 low Tue

  • Boosted by higher stocks and lower U.S. yields as risk mood remains buoyant

  • More signs of waning U.S. inflation, optimism of less hawkish Fed supports

  • Labor cost growth smallest in a year, house price inflation slows further

  • Fed rate decision Wed, bets on a far less hawkish Fed risk disappointment

  • China economic recovery optimism, elevated commodity prices underpin AUD

  • support 0.7020-25, 0.6990-0.7000, resistance 0.7090-0.7100, 0.7135-45

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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