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Jun 02 - 07:55 PM

AUD/USD - Surges As Risk Appetite Make A Strong Comeback

By Krishna K  —  Jun 02 - 06:55 PM
  • AUD/USD up 1.2% Thurs on firmer risk sentiment as inflation concerns abate

  • News Saudi Arabia may pump more oil, cooling U.S labor demand lift risk mood

  • China easing COVID restrictions, Shanghai reopening adds to upbeat AUD tone

  • Dalian iron ore futures hit 6-week high in further boost for AUDnL1N2XP0A9

  • Focus shifts to U.S. jobs data Friday and RBA rate meeting June 7

  • Stronger than expected AU GDP Wed has raised expectations of 40 bps hike

  • Marginal close above 0.7253-58, the 55 and 200-DMA bullish

  • Clear break of 0.7265-67 daily highs opens 0.7343; support 0.7230, 0.7200-05

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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