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Nov 27 - 05:55 PM

AUD/USD - Boosted By Lower US Yields, Risk Aversion Caps

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

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