Derived Data That Drive Results
By Krishna K — Jul 17 - 08:20 PM
AUD/USD subdued after closing unchanged Wed despite broadly weaker USD
Weighed down by AUD/JPY selling; pair down 4.7% from last Thu 33-yr high
China economic recovery concerns continue to weigh on AUD sentiment
AUD undermined by fall in copper prices and slump in iron ore to 3-week low
Downside limited as RBA-Fed rate expectations diverge
Australia's June employment report, RBA bulletin key Thursday
Previous highs at 0.6705-15 now solid support; resistance 0.6755-60, 0.6800
Wed range 0.6755-0.67215
For more click on FXBUZ
Intervention alarm bell rings after yen surges: Click here
Source:
Refinitiv IFR Research/Market Commentary
