By Krishna K — Apr 28 - 06:20 PM
AUD/USD likely to consolidate Friday after a bruising 2.6% weekly loss
Holds up relatively well despite rampant USD strength; traders eye RBA Tue
RBA hike of 0.15% priced in; will be 1st rate rise in Australia in a decade
AUD/JPY buying supports;RBA-BOJ policy divergence undermines JPYnL2N2WQ04F
Slowing China economy, prospects of aggressive Fed rate hikes limit recovery
Initial support 0.7055, o/n low; resistance 0.7120-25, 0.7145-50
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Fed policy trails inflation by historic margin: Click here
Source:
Refinitiv IFR Research/Market Commentary