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Holds Steady In Early Trade

AUD

AUD/USD slipped into Wednesday's Asia-Pac session, amid broader moderation in risk appetite. The rate bottomed out at $0.7326 and staged a recovery attempt, but headed lower again after the release of an above-forecast increase in U.S. initial jobless claims. The previous session low proved resilient and the pair bounced off there into the WMR fix, finishing marginally above neutral levels.

  • Australian Foreign Affairs chief Adamson warned China against using pressure or coercion and urged Beijing to reflect on its increasingly assertive foreign policies.
  • The rate holds steady at $0.7365. A break above Wednesday's high of $0.7373 would open up Sep 1 high & bull trigger at $0.7414. Conversely, losses past the 20-EMA at $0.7273 would turn focus to Nov 13 low of $0.7222.
  • Australian private capex data headlines the local docket today.
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