Derived Data That Drive Results
By Krishna K — Aug 26 - 07:30 PM
AUD/USD consolidates in Asia after failing to break 0.67985, 2024 high
Closed 0.38% lower on Monday after trading in a 0.6798-0.67675 range
Risk aversion on Middle East tensions and slightly higher U.S. yields weigh
Traders hesitate to chase AUD rally as 25 bps Fed Sep rate cut priced in
Australia July CPI Wed, U.S. core PCE price index Fri key for direction
Above 0.6800 opens test of 0.6819, 61.8% of 0.7158-0.6271 drop in 2023
Supports 0.6745-50, 0.6725-30
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Source:
Refinitiv IFR Research/Market Commentary
