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Sep 26 - 11:55 PM

AUD/USD - 0.6900 Rejects Again As US Yields Inch Higher

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

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