Derived Data That Drive Results
By Krishna K — Aug 06 - 09:15 PM
AUD/USD steady in Asia as markets stabilize and risk sentiment improves
Fears of U.S. recession abate, supporting risk and boosting AUD
AUD supported by RBA's hawkish stance on rates and caution on inflation
RBA policy diverges from other major c.banks( BOJ excepted), underpins AUD
China trade data Wednesday, RBA Governor Michele Bullock speech Thursday key
Support 0.64950-0.6500, 0.6470-80, resistance 0.6550, 0.6570, 0.6600-05
Tuesday range 0.6541-0.6472; Asia Wednesday range 0.6526-0.65105
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The path to a Fed rate cut: Click here
Source:
Refinitiv IFR Research/Market Commentary
