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Feb 22 - 05:55 PM

AUD/USD - Boosted By Risk Rally, Capped By Higher US Yields

By Krishna K  —  Feb 22 - 05:20 PM
  • AUD/USD opens unchanged after rallying to a 3-week high of 0.6695 Thursday

  • Boosted by buoyant risk appetite as Nvidia fuels global stock records

  • Rising U.S. yields and a 'higher for longer' Fed rates outlook cap gains

  • Strong U.S. economic data keeps Fed on track to delay rate cuts

  • Asian stock markets and China house prices key for direction Friday

  • Japan markets closed Fri for local holiday; Thursday AUD range 0.6595-0.6540

  • Resistance 0.65750-80, 0.6600-05, support 0.6525-30, 0.6500-05

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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