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Jul 17 - 10:55 PM

AUD/USD - Holds Gains As Asia Shares Inch Higher

By Krishna K  —  Jul 17 - 09:00 PM
  • AUD/USD up 0.2% as risk mood upbeat in Asia on back of Wall Street rise

  • S&P E-Minis +0.1% as fears of 100bps Fed rate hike in July wanenL1N2YW1AY

  • Expectations of 75bps RBA rate hike in August boosts AUD

  • NZD rallies on hotter than expected Q2 inflation, lifts AUD nL1N2YY0I4

  • China's sharp economic slowdown, falling iron ore price to cap rallies

  • Resistance 0.6825-30, 0.6850-55, 0.6875-80, support 0.6755-60, 0.6720-25

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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