By John Noonan — Mar 12 - 07:10 PM
AUD/USD above 0.6630 after US officials moved to protect depositors in stressed US banks nW1N2V704K
It is hoped the move will calm fears and prevent runs on vulnerable banks
E-minis jumped over 1.0% higher on the news after falling 1.44% Friday
AUD/USD resistance is at 10-day MA at 0.6669 and break would ease pressure
USD was weaker across the board prior to latest news
Expectations of aggressive Fed hikes dissipating as focus shifts to liquidity
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Source:
Refinitiv IFR Research/Market Commentary