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Jul 09 - 02:55 AM

AUD/USD - Claws Back Some Ground But Outlook Dismal

By Krishna K  —  Jul 09 - 01:44 AM
  • AUD/USD inches higher into Europe but set to end bruising week on weak note

  • Pair down 1.5% this week on fears global economic recovery is losing steam

  • Rallies to be capped by burgeoning risk aversion as reflation trades unwound

  • Surge in virus infections in NSW & many parts of Asia weighs on sentiment

  • AUD/USD in a tight spot as negatives pile up nL3N2OK358

  • Clear break of 0.7419 opens 0.7379; resistance 0.7450, 0.7475-80

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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