By Krishna K — May 25 - 07:10 PM
AUD/USD under pressure after closing 0.6% lower Thu as negatives mount
Higher U.S. yields, rising expectations of Fed June rate hike weigh
U.S. 2-yr yield surges 19bps to a 2-mth high on strong economic data
Optimism on U.S. debt ceiling deal, weak CNY increase downward pressure
Sliding commodity prices undermine AUD; iron ore, copper at multi-month lows
Australia April retail sales( final ), US April PCE, May U. Of Mich eyed Fri
Support 0.6445-50, resistance 0.6550, 0.6580-85; Thu range 0.6546-0.6498
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Source:
Refinitiv IFR Research/Market Commentary