By James Connell — Feb 27 - 05:16 PM
• AUD/USD traded sharply lower overnight as tariff talk invigorated USD buyers
• Trump confirmed 25% tariffs on goods from Mexico and Canada will start Mar 4
• Mixed U.S. data (jobless claims +21k, durable goods +3.1%) had minor impact
• U.S. treasury yields edged slightly higher; traders eyeing PCE data due Fri
• AUD close-to-flat in Feb (versus +3.2% m/m; +5.3% Feb low, late last week)
• Month-end-fix, U.S. PCE data, tariffs/retaliation will determine Feb close
• Overnight range AUD 0.62321-0.6304, support 0.6230, resistance 0.6330
0.6415
AUD mng
(James Connell is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters