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Aug 25 - 07:55 PM

AUD/USD - Attempts To Regain 0.7200 On Strong Risk Appetite

By Krishna K  —  Aug 25 - 05:45 PM
  • AUD/USD opens 0.45% higher on elevated risk mood but fails to regain 0.7200

  • Supported as S&P 500, Nasdaq close @ record highs on trade, vaccine progress

  • Top U.S., China trade officials reaffirm commitment to Phase 1 trade deal

  • But simmering Sino-U.S. tensions limit AUD gains nL4N2FR3NTnL1N2FR01E

  • AUD/JPY nears strong resistance at 76.78-76.86, the highs in June and July

  • Boosted by strong Japanese demand for Australian government bonds

  • Resistance 0.7205-10, 0.7225-30, support 0.7150-55, 0.7130-35

  • For more click on FXBUZ


Australian banks' balance sheet dynamics: Click here

Source:
Refinitiv IFR Research/Market Commentary

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