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TDUX
Jul 05 - 07:55 PM

AUD/USD - Buoyed As Fed Rate Hike Bets Subside

By Krishna Kumar  —  Jul 05 - 06:03 PM

• AUD/USD to stay bid on dips after closing 0.25% higher on Friday

• Buoyed by repricing of Fed rate hike bets after soft U.S. jobs data

• Supported by risk rally on waning global rate hike expectations

• Lower energy prices, easing inflation fears boost risk appetite

• MSCI gauge of global stocks up 0.4% Fri, Wall Street futures advance

• Europe's STOXX 600 climb 0.6% to another record high

• AUD recovery from 200-day MA currently at 0.6869 technically positive

• Interim supports at 0.6910-15, 0.6885-90; resistance 0.6950, 0.6975-80

• Friday range 0.6911-0.6949; Monday Asia range 0.6940-0.69465
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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