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Jan 26 - 05:55 PM

AUD/USD - Buoyant Ahead Of Fed, US Stimulus Doubts Ignored

By Krishna K  —  Jan 26 - 05:16 PM
  • AUD/USD opens 0.55% higher as risk currencies rally ahead of Wed Fed meeting

  • Boosted by optimism on passage of U.S. fiscal stimulus nL1N2K104T

  • Buoyant copper and iron ore prices support; reflation trade underpins

  • AU Q4 CPI eyed Wed; headline CPI expected 0.7%q/q, trimmed mean CPI 0.4%q/q

  • Unlikely to shift market expectations as RBA to remain on hold nL4N2JU0SQ

  • Support 0.7720-25, 0.7700, 0.7660-70 strong; resistance 0.7755-60, 0.7780-85

  • For more click on FXBUZ


Down on the dollar: Click here

Source:
Refinitiv IFR Research/Market Commentary

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