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Thomson Reuters
May 06 - 12:12 AM
AUD/USD - RBA Takes A Back Seat, As US/China Trade Leads
First appeared on eFXplus on May 05 - 08:30 PM
  • AUD's recovery to 0.6998 short lived, trades -0.8%, as China responds to US
  • China considers cancelling US trade talks after Trump threats nFWN22G00W
  • Late Friday Trump said China trade deal was going pretty well nL1N22F16J
  • Trump announced threat of fresh tariffs on Twitter this morning
  • The uncertainty will undermine risk/markets/AUD - E-mini S&P trades -1.7%
  • 0.6936, 61.8% of the 2019 bounce is the initial major support

aud may 6 Click here

Source:
Thomson Reuters IFR Markets

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