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Jan 13 - 01:55 AM

AUD/USD - Holds Gains As USD Uptrend At Risk Of Reversal

By Krishna K  —  Jan 12 - 11:45 PM
  • AUD/USD consolidates after rising 1% Wed as technical USD selling gains pace

  • USD rally falters on perception hawkish Fed expectations mostly priced in

  • Higher commodity prices, rallying metals boost Aussie

  • Copper and nickel at decade peaks, oil and iron ore extended recent rise

  • Testimony of Fed Governor Brainard eyed later Thursday nL1N2TS23P

  • Stabilisation above 0.7275-80 opens 0.7340; support 0.7245-50, 0.7225-30

  • For more click on FXBUZ



Reuters Poll: Outlook for major currencies Click here

Source:
Refinitiv IFR Research/Market Commentary

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