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Jun 12 - 07:55 PM

AUD/USD - Firms; US Data Reveals Emerging Cracks In Economy

By James Connell  —  Jun 12 - 06:03 PM

• AUD/USD +0.8% from Thur 0.64775 low on mounting U.S. growth concerns

• U.S. continuing jobless claims 1.956 mln, highest level since Nov 2021

• Benign PPI data sent UST yields & USD lower, piles pressure on Fed

• DXY hit fresh 97.604 2025 low; AUD set for attempt at 0.6550 resistance zone

• AUKUS review concerning for wider AU-U.S. trade relationship going forward

• U.S. civil unrest, debt & tariff concerns will continue to weigh on USD

• Michigan consumer surveys due Fri, FOMC decision Wed next week

• Overnight range 0.64775-0.6534, support 0.6475 0.6390, resistance 0.6550
AUD Daily 200-DMA & DXY Daily


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

Source:
London Stock Exchange Group | Thomson Reuters

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