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Apr 20 - 07:55 PM

AUD/USD - Bounces From Lower End Of Range As US Yields Soften

By Krishna K  —  Apr 20 - 06:05 PM
  • AUD/USD likely to remain bid on dips after closing 0.4% higher on Thursday

  • Boosted by lower U.S. yields as soft data backs recession outlook

  • U.S. 2-year yield down 10bps as rate futures price in Fed pause in June

  • Rally capped by hawkish comments from Fed's Mester who flags more rate hikes

  • Lower commodity prices weigh on AUD; iron ore falls to multi-month lows

  • 0.6680-0.6800-10 range likely to prevail as traders await fresh cues

  • Resistance 0.6770-75, support 0.6715-20, 0.6695-0.6700

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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