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Nov 14 - 01:55 AM

AUD/USD - Under Pressure From Higher US Yields, Broad USD Strength

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

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