By Krishna K — Jun 02 - 01:50 AM
AUD/USD down 0.45% in Asia as traders target stops below 0.7150
Weighed down by risk aversion as inflation and recession concerns hit stocks
Higher U.S. yields, Fed's balance sheet reduction underpin USD
Australia trade data better than expected but taken in stride nAZN065606
Focus shifts to U.S. jobs data Fri and RBA meeting rate meeting Tuesday
Stronger than expected GDP Wed has raised expectations of 40 bps rate hike
Support 0.7130-35, 0.7090-0.7100, resistance 0.7190-95, 0.7225-30
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Source:
Refinitiv IFR Research/Market Commentary