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May 27 - 07:55 PM

AUD/USD - Stuck In A Range As Opposing Factors Balance Out

By Krishna K  —  May 27 - 06:09 PM
  • AUD/USD opens unchanged; higher U.S. yields cap, metals rally support

  • U.S. yields rise on Biden's proposed budget & robust economic data, weigh

  • Shrinking yield premium of AU bonds over U.S. Treasuries thwarts gains

  • Perception RBA will lag its peers in tightening monetary policy undermines

  • SGX iron ore soars over 5% after hitting 5-week low, supports nL2N2NE0EB

  • London copper rises 2.7% on strike threats in Chile, boosts AUD sentiment

  • Support 0.7720-25, 0.7705-10, 0.7670-75; resistance 0.7770-75, 0.7795-0.7800

  • For more click on FXBUZ


AUD: Click here

AUD/JPY: Click here

Source:
Refinitiv IFR Research/Market Commentary

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