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Feb 02 - 05:55 PM

AUD/USD - Decline Gathers Momentum As Lowe Takes Stage

By Krishna K  —  Feb 02 - 04:27 PM
  • AUD/USD poised to open 0.2% lower as broad dollar strength dominates trading

  • Drop in news cases of COVID-19 in U.S. & better vaccine roll out lift USD

  • Optimism on U.S. economy, dwindling AU-US yield gap weigh on AUD

  • FX markets surprised by emphatically dovish RBA Tuesday nL1N2K8083

  • Traders await Gov. Lowe speech entitled "The Year Ahead" on Wed nL4N2K60B5

  • Iron ore down 15% since Dec, copper down near 6-week low Tues, weigh on AUD

  • Support 0.7565-70, 0.7547, 0.7500-05, resistance 0.7610-20, 0.7650-60 strong

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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