By Krishna K — Nov 13 - 10:10 PM
AUD/USD down 0.2% in Asia as USD extends gains and U.S. yields rally
Drops to lowest since Aug 5 as commodities slide, China concerns persist
CNY drops to 3-month low despite PBOC dampening fix, copper hits 2-month low
Australia's employment growth slows but no rate cuts expected until mid 2025
RBA's Bullock says policy will stay restrictive until confident on inflation
0.6489 support break has increased likelihood of ratchet to 0.63485-0.63625
Minor supports 0.6465-70,0.6440, 0.6410-15; Resistances 0.6515-20, 0.6545-50
Fed Chair Powell participates in Dallas event Wed; Asia range 0.64995-0.6471
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary