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