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Feb 08 - 05:55 PM

AUD/USD - Undermined By Higher US Yields; Bullock Testimony Eyed

By Krishna K  —  Feb 08 - 05:00 PM
  • AUD/USD on the defensive in early after declining 0.4% Thursday

  • Weighed down by higher U.S. yields and China's disinflation struggle

  • U.S. 10-yr yield up 6bps on data pointing to a resilient labor market

  • Fed policy shift needs a farewell to 'elevated' inflation; U.S. CPI Tue key

  • Negative China sentiment continues to undermine AUD which is a liquid proxy

  • RBA Gov Bullock testimony before parliamentary economics committee Fri eyed

  • Support 0.6470-80, 0.6452 Nov 17 low; resistance 0.6520, 0.6540-50

  • Thu range 0.6532-0.6481; China markets closed Fri and the whole of next week

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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