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The AUD/USD pair rises close to 0.6450 following the US credit rating downgrade by Moody’s
AUD/USD climbs near 0.6450 as US Dollar weakens after Moody’s credit downgrade and rising debt concerns.
UOB Group predicts USD/CNH will move sideways between 7.1990 and 7.2190, with future implications
USD/CNH trades sideways within 7.1990–7.2190; break above 7.2330 may reduce downside potential.
According to UOB analysts, USD/JPY’s major support at 144.50 seems secure despite potential declines
USD/JPY stays in consolidation; may dip below 144.90 but holds above key 144.50 support level.
April statistics indicate trade war effects, yet growth recovery is anticipated after the Geneva agreement
China’s April data reveals slowing industrial output, weak domestic demand, and cautious optimism amid trade tensions.
UOB Group analysts highlight that a move above 0.6370 indicates range trading for AUD/USD
AUD/USD likely to range between 0.6390–0.6440; key resistance at 0.6515; USD weakness influences markets.
