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Derived real-time data in partnership with:
Thomson Reuters
May 17 - 03:48 AM
AUD/USD - Rate Cut Fever, China Trade Bellicosity Weigh
First appeared on eFXplus on May 17 - 02:20 AM
  • AUD/USD trades at weakest level since early Jan as June rate cut hopes soar
  • Short-term rates market prices in 81% chance of 0.25% cut June 4
  • China increasingly belligerent approach on trade weighs, risk sours in Asia
  • U.S. 'not sincere' about wanting more trade talks with China nL4N22T184
  • Shanghai Composite drops 2%, CNY weakens past 6.90, AXJ currencies wilt
  • Target 0.6852, 76.4% Fibo of Jan rise; resistance 0.6910, 0.6940

aud: Click here

Source:
Thomson Reuters IFR Markets

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