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Thomson Reuters
Jun 13 - 12:12 PM
AUD/USD - Rally Off May's Low Intact Ahead Of The Fed
First appeared on eFXplus on Jun 13 - 10:00 AM
  • Slide from June's high hits new s-t low after clearing the June 4 low
  • RBA's Lowe reiterates concerns of weak wages and inflation growth
  • AUD/USD sinks to the daily cloud base, sharp bounce takes hold though
  • Broad US$ and slide in UST yields help AUD/USD erase losses, now up 0.17%
  • Bounce helps keep rally off the 2018 low intact but bulls still on edge
  • Fed might lean more hawkish today, if so May's AUD/USD is likely in play

chart: Click here

Source:
Thomson Reuters IFR Markets

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