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May 25 - 07:55 PM

AUD/USD - Undermined By Higher US Yields, Sliding Commodities

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

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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