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Jul 18 - 07:55 PM

AUD/USD - Subdued Start As Risk Mood Sours; Virus Spread Eyed

By Krishna K  —  Jul 18 - 07:09 PM
  • AUD/USD starts week on subdued note after falling to 0.7392, 7-month low Fri

  • Risk aversion weighs as concerns about global growth outlook take hold

  • Worldwide rise in virus cases threatens global economic recoverynL1N2OS1BP

  • Diverging Australia-US rate expectations undermine AUD; RBA doggedly dovish

  • AUD/NZD selling likely continues as hot NZ inflation fuels RBNZ rate flames

  • Sydney tightens lockdown as Australia's COVID-19 cases rise nL1N2OT00W

  • Support 0.7378, 61.8% of Nov-Feb rally; resistance 0.7425-30, 0.7450-55

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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