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Feb 06 - 05:55 PM

AUD/USD - Claws Back Some Ground As US Yields Slip Back

By Krishna K  —  Feb 06 - 05:20 PM
  • AUD/USD supported in early Asia as rally in U.S. yields cools Tuesday

  • Boosted by slightly less hawkish tone from Fed officials Mester, Kashkari

  • RBA's cautious note on rates Tuesday underpins

  • RBA Governor Bullock too pushes back on rate cut expectations in news conf

  • Strong rally in China stocks following official support measures lifts mood

  • Resistance 0.6525-30, 0.6550; support 0.6475-80, 0.6452 Nov 17 low

  • Tue range 0.6478-0.6525; Bullock's parliamentary testimony Friday awaited

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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