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Jan 28 - 05:55 PM

AUD/USD - Recovery Falters As US Stock Futures Pare Gains Late

By Krishna K  —  Jan 28 - 05:30 PM
  • AUD/USD opens 0.2% higher after strong rally from 0.7592 o/n low to 0.7697

  • Boosted by easing risk aversion as Wall Street pares Wednesday's losses

  • Receding fears around hedge funds selling long stock positions lifts mood

  • Robust U.S. economic data, fiscal stimulus hopes boost risk nL1N2K31RD

  • AUD recovery falters in late NYK as U.S. stock futures slip towards close

  • E-Mini ends trading day at 3768, down 1.5% from 3823.50 day high

  • May stymie further AUD recovery ahead of RBA meeting Feb 2 nL1N2K30B7

  • Resistance 0.7700-05, 0.7725-30, support 0.7645-50, 0.7620-25, 0.7590-0.7600

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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