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AUD/USD: technicals are suggestive of exhaustion - Scotiabank

Analysts at Scotiabank explained that AUD appears to be struggling around its multi-year highs near 0.80 following an impressive 10% rally from its May low. 

Key Quotes:

"Technicals are suggestive of exhaustion and narrowing spreads are eroding AUD support."

"Bullish AUD CFTC positioning is extended at the upper end of its multi-year range and we highlight the risk of an adjustment."

AUD is trading well above both our Q4 2017 target at 0.75 and our Q4 2018 target at 0.78."

Fed's Dudley: Still sees US growth at 2%

During an interview with Associated Press, New York Fed's president William Dudley said his outlook is little changed since year began...
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A diplomatic solution to the North Korea missile crisis? - UOB

Analysts at UOB Group explained that US President Trump and China President Xi Jinping held phone call on North Korea on Saturday.  Key Quotes: "Xi
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