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TDUX
Aug 31 - 05:55 AM

AUD/USD - Holding A Bid As Middle East Tensions Flare

By Peter Stoneham  —  Aug 31 - 04:26 AM

• Thin market with London out: Fed spec and ME tension the drivers

• AUD holding a small bid despite risk jitters: AUD/USD up 0.01% at 0.7159

• Friday's 0.7208 high initial resistance: break needed to keep bull run alive

• Support at the 10-DMA, 0.7149: risk of a return to the 100-DMA, 0.7077

• Warsh comments lift September rate-hike bets but dollar broadly softer Monday

• Fed may need to hike rates if above-target inflation persists

• Markets price in about a 60% chance of a September rate hike

• Trump says Iran's Kharg is being 'blown to smithereens', but gives no details
AUD/USD daily chart:


(Peter Stoneham is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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