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Mar 27 - 07:55 PM

AUD/USD - Firming Near Month-End, US PCE A Late Hurdle

By James Connell  —  Mar 27 - 06:00 PM

• AUD/USD reverted mid-range Thur as markets weighed Trump's auto tariffs

• U.S. GDP/jobless data resilience pushing long end treasury yields higher

• AUD consolidates near the 55-DMA, requires fresh catalyst to break away

• U.S. PCE Index, the Fed's preferred inflation measure due Fri, poll 0.3% m/m

• Domestic focus: Mar 31-Apr 1 RBA meeting, OCR steady, statement crucial

• AU election set for May 3, market wary of new fiscal commitments

• Overnight range 0.62955-0.63181, support 0.6260, resistance 0.6390 0.6415
AUD 55-DMA


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

Source:
London Stock Exchange Group | Thomson Reuters

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