By Krishna K — Nov 27 - 05:15 PM
AUD/USD opens 0.4% higher Thu as USD weakens broadly on lower U.S. yields
Boosted by as expected U.S. data which allayed inflation concerns
Probability of Dec Fed rate cut rises to 66% on CME Fed watch Tool, supports
Risk aversion, trade concerns triggered by Trump tariffs threat limit rise
AUD/JPY selling caps AUD rally; safe-haven JPY gains broadly
Hawkish RBA prompted by sticky Australia inflation supports AUD
Australia CAPEX due Thu; RBA Governor Michele Bullock speaks at 0855 GMT
Resistance 0.6500-05, 0.6525-30, support 0.6470-75, 0.6430-35
Wed range 0.6457-0.6500; U.S. holiday Thursday may curb trading activity
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary