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US EURODLR FUTURES

BLOCK, Large Jun'23 Buy

PHILIPPINES

BSP Sees Inflation Accelerating to 6.4% in July

US TSY FUTURES

Post-PCE React

USD

Extending gains post US PCE

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*Sep14 Aussie-dollar open $0.7986,...>

AUSSIE SUMMARY
AUSSIE SUMMARY: *Sep14 Aussie-dollar open $0.7986, range $0.7974 to $0.8016
*Aussie opened in Asia toward the lower side of yesterday's $0.7971 to $0.8044
range, where increased optimism over US Tax reform lifted both the dollar and
UST yields
*Ahead of local data the Aussie eased lower from $0.7988 to $0.7974
*A stellar local jobs report saw the Aussie vault higher from around $0.7975 to
$0.8016. The number of jobs created rose by 54,200 against MNI's median of
15,000, with full-time jobs surging to 40,100 in August
*Reaction to softer China data saw a knee-jerk move lower from $0.8010 to
$0.7998 and for the balance of the session the Aussie consolidated within
$0.8000-10 range
*Resistance is now seen at $0.8030 (38.2% fib $0.8125-$0.7971), while support
lies at $0.7971/66 (Sep13 low, 50% fib $0.7808-$0.8125)

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