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TDUX
Jun 26 - 01:55 AM

AUD/USD - Hits Twelve-Week Low As Downswing Continues

By James Connell  —  Jun 25 - 11:47 PM

• AUD/USD -0.4% Fri as commodities resume retreat in Asia

• Pair reaching for 0.6834 support, break below would accelerate slide

• Brent crude -1.7%, gold -0.7%, silver -2.7%, iron ore -0.9%

• Iraq threatening to abandon OPEC unless oil quota raised

• Fed hikes remain on the table after U.S. PCE price increase

• RBA Governor Bullock participating in Swiss panel discussion late Sun

• RBA Assistant Governor Kent speaking in Sydney early Mon

• Range Asia 0.68754-0.6914, support 0.6834 0.6660, resistance 0.7089
AUD Daily 55-DMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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