By Krishna K — Feb 02 - 06:05 PM
AUD/USD in a subdued start after declining 0.8% Thursday on profit-taking
Undermined by softer commodities; copper, gold, iron ore prices decline
Weighed down by position squaring ahead of Friday U.S. jobs report for Jan
Unemployment rate expected to tick up to 3.6% and 185,000 rise in jobs
Focus turns to RBA rate decision Tuesday; Fed-RBA rate expectations diverge
After a joint rate surge, central banks start to see the end in sight
Support 0.7050-55, 0.7025-30, resistance 0.7110-15, 0.7140-45, 0.7160-65
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Source:
Refinitiv IFR Research/Market Commentary