Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Nov 14 - 07:55 PM

AUD/USD - Hovers Near 3-Mth Low On Fed Caution, China Data Eyed

By Krishna K  —  Nov 14 - 06:30 PM
  • AUD/USD steadies in early Asia after closing 0.5% lower on Thursday

  • Weighed down by Powell signaling caution on rate cuts

  • Powell says no need for Fed to rush rate cuts given strong economy

  • Fed Chair says c.bank has time to see what Trump policies mean for economy

  • Expectations for Fed 25 bps cut in Dec falls to 62.5% from 82.5% Wednesday

  • High U.S. yields, weak commodities, China concerns continue to weigh on AUD

  • Support 0.6441 April 23 low, break opens 0.6408, low on April 22nd

  • Major support base at 0.63485-0.63625; resistance 0.6490-0.6500, 0.6515-20

  • China monthly activity data Friday awaited; Thu range 0.6441-0.64995

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!