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TDUX
May 31 - 10:55 PM

AUD/USD - Treads Water In Asia, US-Iran News Remains Key

By James Connell  —  May 31 - 09:44 PM

• AUD/USD flat Mon in subdued trading amid ongoing U.S.-Iran stalemate

• Peace deal progress unclear despite repeated U.S. claims late last week

• Israel's escalation of hostilities in Lebanon further clouds situation

• AUD buoyancy may fade ahead 0.7200 without genuine Middle East progress

• AU May S&P manufacturing PMI 50.7 (prior 50.2), showing improvement

• AU Q1 current account due Tue, Reuters poll consensus 23.0 bln deficit

• RBA officials Bullock & Kent to appear before Senate Committee Wed

• Range Asia 0.7169-855, support 0.7080 0.6834, resistance 0.7200 0.7283
AUD Daily 55-DMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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