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Apr 11 - 05:55 PM

AUD/USD - Wary Start As Powell Optimistic About US Economy

By Krishna K  —  Apr 11 - 05:20 PM
  • AUD/USD set to trade with an offered tone Mon following its 0.4% Friday drop

  • Powell's upbeat comments on U.S economy to undermine it further in Asia

  • Echoes his recent optimism on economy, warns on COVID-19 risks nL1N2M40CK

  • Remarks to boost U.S. yields further after higher-than-expected PPI data Fri

  • Worries about slowdown in Australia virus vaccine rollout weigh on AUD

  • China tightening concerns a further negative nAZN01287L

  • AU employment data, China GDP, retail sales, IP & U.S. CPI eyed this week

  • Support 0.7585-90, 0.7565-70, resistance 0.7640-45, 0.7660-65

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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