Title: AUD/USD advances to fresh daily highs above 0.7530

Jul 06, 2021 12:37:54 PM GMT

By: AnalysisWatch

After spending the primary 1/2 of the day in an incredibly tight variety round 0.7500, the AUD/USD pair received traction in the early American consultation and touched a clean every day excessive of 0.7534. As of writing, the pair changed into up 0.four% at the day at 0.7528.

On Tuesday, AUD/USD rose sharply at some point of the Asian buying and selling hours after the Reserve Bank of Australia (RBA) introduced that it decreased its weekly asset purchases to a $4 billion from a $5 billion. In the second one 1/2 of the day, the renewed USD electricity compelled the pair to make a pointy U-flip and near the day in the poor territory.

Earlier in the day, the simplest records from Australia discovered that the AiG Performance of Services Index edged decrease to 57.8 in June from 61.2 in May however this studying changed into in large part overlooked with the aid of using marketplace participants.

Later in the consultation, the JOLTS Job Openings records can be featured in the US financial docket. More importantly, the FOMC will launch the mines of its June meeting, which discovered a hawkish shift in policymakers' fee outlook. Investors will search for clean clues concerning the timing of tapering.