eFX Apex
The Institutional-Grade Data Hub
- Plus: Discretionary Trades
- Edge: Sentiment Trades
- Alpha: Systematic Trades
- Apex: Full Big Data Stream
• AUD/USD down 0.15%, offered despite weaker-than- expected US jobs data
• Markets take reduced October Fed rate hike odds in stride
• Above-target US inflation makes further hikes in coming months likely
• With US yields near multi-year highs, AUD upside likely to remain capped
• Support 0.6900-10, 0.6865-70, resistance 0.6975-80, 0.6995-0.7000
• Asia range 0.6942-0.6959; partial holiday in Australia dampens activity
AUD:
(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)