By Krishna K — Sep 26 - 11:15 PM
AUD/USD down 0.3% in Asia as formidable resistance at 0.6900 holds firm
Weighed down by higher U.S. yields, robust U.S. economy
Capped by slightly less hawkish RBA tone Tue; Dec 25 bps cut chances at 73%
Buoyant risk appetite supports; MSCI World, S&P 500 both hit new highs
China stocks continue advance on Beijing stimulus; SSEC +12% this week
Metals surge, boosting AUD; NYK copper +3.3%, Oct iron ore futures up 3.6%
Diverging Fed-RBA expectations underpins; US PCE price index key Friday
Resistance 0.6900-10, 0.6947-49, support 0.6860-65, 0.6840-45
Asia range 0.6900-0.6872
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary