By Krishna K — Aug 01 - 11:40 PM
AUD/USD up 0.1% after holding support at 0.6480 for 3rd trading day
Resilient despite rampant risk aversion; Nasdaq futures -1.3%, Nikkei -4.9%
Disappointing Amazon, Intel earnings and global growth concerns hit risk
Fri U.S. NFP key as recession fears surface on signs of a softer labour mkt
RBA to hold rates steady on Tue; first cut seen in early 2025-Reuters poll
RBA rate stance diverges from major c.banks ( BOJ excepted), supports AUD
Support 0.6480, 0.6565, res 0.6520-25, 0.6540-50; Asia range 0.6484-0.6511
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary