By Rob Howard — Sep 13 - 04:05 AM
AUD/USD rose to one-week high of 0.6733 in Asia; 0.6714 is subsequent low
Ascent to 0.6733 spurred by higher risk of 50 bps Fed rate cut next week
Higher risk of half-point Fed cut due to WSJ, FT reports and Dudley view
Markets currently see 43% chance of 50 bps cut on Sept 18 FEDWATCH
Chance of 50 bps cut next week was only 13% after US CPI data Wednesday
0.6622 was AUD/USD four-week low Wednesday. 0.6700 is now a support point
Source:
Refinitiv IFR Research/Market Commentary