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Jan 14 - 05:55 PM

AUD/USD - Consolidation To Persist As Rallies Stall Near 0.6730

By Krishna K  —  Jan 14 - 04:45 PM
  • AUD/USD starts week on a quiet note after closing unchanged on Friday

  • Repeated failures near 0.6730 discourages bulls but 0.6640-50 supports

  • Softer U.S. yields limit downside as early Fed rate cut bets persist

  • Fed's Bostic sounds inflation warning but Goolsbee more sanguine

  • Geopolitical tensions watched as China reacts to Taiwan election results

  • U.S. holiday Monday likely to dampen trading activity

  • PBOC eyed Mon; c.bank set to cut key rate, boost liquidity to aid economy

  • Fri range 0.6728-0.6686; trade 0.6640-50 to 0.6750 range

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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