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TDUX
Oct 04 - 11:55 PM
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AUD/USD - On The Defensive As US Yields Stay Elevated

By Krishna Kumar  —  Oct 04 - 10:29 PM

• AUD/USD down 0.15%, offered despite weaker-than- expected US jobs data

• Markets take reduced October Fed rate hike odds in stride

• Above-target US inflation makes further hikes in coming months likely

• With US yields near multi-year highs, AUD upside likely to remain capped

• Support 0.6900-10, 0.6865-70, resistance 0.6975-80, 0.6995-0.7000

• Asia range 0.6942-0.6959; partial holiday in Australia dampens activity
AUD:


(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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