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TDUX
Aug 31 - 07:55 PM

AUD/USD - Steadies As World Revisits Oil Supply Concerns

By James Connell  —  Aug 31 - 05:42 PM

• AUD/USD +0.2% from Mon 0.71515 low despite flaring U.S.-Iran hostilities

• Brent crude +3.0% to $90.75 a barrel, DXY down 0.3%, 30Y UST yields +4 bps

• AUD needs 0.7210 break to resume uptrend, below 0.7100 would swing narrative

• AUD Q2 current account due Tue, Q2 real GDP due Wed (poll +0.3% q/q)

• RBA's Sarah Hunter & Dr James Bishop appear before Senate Committee Thur

• U.S. Aug non-farm payrolls due Fri, Reuters poll consensus +55k

• Overnight range 0.71555-70 support 0.6920 0.6866, resistance 0.7210 0.7282
AUD Daily 21/100/200-DMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters
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