By Krishna K — May 04 - 06:20 PM
AUD/USD to remain supported on dips after closing 0.35% higher Thursday
Boosted by increased bets on Fed rate cuts on U.S. regional banks concerns
CME tool shows 58% probability of July cut on increased U.S. recession fears
Australia total trade surplus hits 2nd highest on record, underpins
Copper prices hover near 4-mth low, iron ore hits 5-mth low, cap AUD rallies
RBA Statement of Monetary Policy & U.S. April employment report due Friday
POLL-RBA to hike rates further this year, say economists in snap poll
Resistance 0.6715-20, 0.6750, support 0.6655-60, 0.6635-40
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Source:
Refinitiv IFR Research/Market Commentary