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Nov 23 - 05:55 PM

AUD/USD - Rallies As Fed Minutes Perceived As Dovish

By Krishna K  —  Nov 23 - 04:45 PM
  • AUD/USD gains 1.3% Wed as Fed minutes signal slower rate hikesnL1N32J1JB

  • Boosted by weak US economic data pointing to a slowdown in the economy

  • Gains fueled by sharply lower US yields; 10-year yield drops 7 bps

  • Illiquid markets ahead of Thu US Thanksgiving holiday exacerbate USD drop

  • China's widening COVID curbs, economic slowdown to slow rally nL1N32J034

  • Resistance 0.6745-50, 0.6790-0.6800, support 0.6700-05, 0.6675-80

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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