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Jan 11 - 09:55 PM

AUD/USD - Grinding Higher As Fundamental Backdrop Supports

By John Noonan  —  Jan 11 - 07:45 PM
  • AUD/USD is bid in early Asia and has traded up to 0.6920

  • USD broadly lower - led by fall in USD/JPY nL1N33W2TV

  • Fundamentals that drive AUD sentiment are looking favourable

  • Key commodities are moving higher on China optimism and equities are rising

  • The 10-year AU yield is currently 10 bos higher than the 10-year US yield

  • Aus trade data just released showed a higher than expected surplus nAZN0XH69P

  • AUD/USD resistance is at Monday's 0.6950 higher where sellers are tipped

  • The For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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