By Krishna K — Nov 12 - 07:55 PM
AUD/USD -0.15% in Asia as bearish sentiment remains entrenched
Higher U.S. yields, lower commodities, China woes weigh
Australia Q3 wage growth slows to 3.5%, lowest since late 2022
Data adds to bearish mood but unlikely to induce RBA rate cuts
U.S. CPI Wed, Australia jobs Thu and China activity data Fri key
Speeches by RBA Governor Bullock and Fed Chair Powell Thu awaited
Support 0.6513, Nov 6 low; stronger at 0.6489, 76.4% of Aug-Sep rally
Resistance 0.6550, 0.6570-80; Asia range 0.6516-0.6534
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary