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May 28 - 10:55 PM

AUD/USD - Drifts Lower As US Yields Stay Elevated; AU CPI Key

By Krishna K  —  May 28 - 09:00 PM
  • AUD/USD under pressure as USD stays broadly bid; JPY at lowest since May 1

  • Undermined by firm U.S. yields which hover near multi-week peaks

  • Persistent U.S. inflation concerns, improved consumer confidence weigh

  • Fed officials reiteration of higher-for-longer rate stance underpins USD

  • Australia CPI Wednesday key for RBA rate expectations

  • AU monthly consumer prices expected to dip to 3.4% from 3.5% in March

  • Support 0.6625-30, 0.6600-05, resistance 0.6680-85, 0.6710-15

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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