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Jun 07 - 03:55 AM

AUD/USD - Post-RBA Rally Fades As Inflation Jitters Hit Risk

By Krishna K  —  Jun 07 - 02:05 AM
  • AUD/USD down 0.2% heading into Europe after whippy 0.7248-0.7160 Asia range

  • Fails to hold on to gains made after RBA raised rates 50 bps nL1N2XU081

  • RBA's hefty hike and hawkish tone accentuates global inflation fears

  • Bonds, stocks sold further; ASX 200 down 1.45%, U.S. 10-year yield inches up

  • Focus turns to ECB meeting Thursday and U.S. CPI Friday

  • Support 0.714-50, 0.7110, resistance 0.7220-25, 0.7245-50

  • For more click on FXBUZ


aud/usd: Click here

Source:
Refinitiv IFR Research/Market Commentary

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