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Sep 02 - 07:55 PM

AUD/USD - Carried Higher By Positive Risk Sentiment

By Krishna K  —  Sep 02 - 06:32 PM
  • AUD/USD opens 0.45% higher as USD weakens broadly ahead of Fri U.S. jobs nos

  • Rises to 1-month high as risk rallies; S&P 500, Nasdaq close at record high

  • Boosted by optimism on pace of global economic recovery, c.banks stimulus

  • Supported by Australia's record trade surplus as exports to Asia surge

  • Exports to China @ record A$19.4 bln, up 72% from July last yearnAZN0M1W00

  • Cautious range trading likely in Asia ahead of long w/e in U.S. & NFP

  • Resistance 0.7405-10, 0.7425-30, support 0.7380-85, 0.7355-60

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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