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Mar 12 - 08:55 PM

AUD/USD - Firms After US Authorities Move To Protect Depositers

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

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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