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Mar 09 - 07:55 PM

AUD/USD - Sentiment Cools As China Concerns Build

By James Connell  —  Mar 09 - 06:07 PM

• AUD/USD ended +1.6% last week despite conceding ground Fri on CN trade data

• Weaker-than-expected U.S. jobs data prevented a larger AUD slide

• Traders looking to offshore data, geopolitical developments, tariff news

• CN CPI and PPI released Sun showing further signs economic regression

• U.S. core CPI (Feb) due Wed, critical leading into Mar 19 FED rate decision

• AUD range early Asia 0.6303-0.63175, support 0.6190, resistance 0.6415
AUD mng


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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