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Sep 10 - 11:55 PM

AUD/USD - Support Survives Another Test As USD Weakens Broadly

By Krishna K  —  Sep 10 - 10:25 PM
  • AUD/USD unchanged, recovers after testing support at 0.6642-47; low 0.6645

  • Supported by broadly weaker USD as traders react to U.S. presidential debate

  • Harris, Trump go on the attack in the first debate's opening moments

  • Lack of debate on substantive and major policy issues disappoints traders

  • Wall Street futures and most Asian stock markets ease on risk aversion

  • AUD recovery muted though as AUD/JPY sales weigh on hawkish BOJ

  • U.S. CPI data Wed key, likely to determine size of Sept Fed rate cut

  • Resistance 0.6680-85, 0.6700-05' below 0.6640 opens 0.6620

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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