By Krishna K — Sep 04 - 05:40 PM
AUD/USD opens 0.15% higher as China property support moves lift risk mood
Boosted by rally in shares; Shanghai Composite closes 1.4% higher
Supported by higher iron ore prices; SGX iron ore hits 5-month high
Caution ahead of RBA rate decision Tuesday, GDP data Wednesday limit gains
POLL-RBA to hold rates at 4.10%, but will hike again next quarter
Signs of a sharp economic slowdown in Australia to weigh on sentiment
Fall in Q2 business inventories data suggests a small negative GDP print
Support 0.6440, 0.6410, resistance 0.6480, 0.6500; Mon range 0.6445-0.6480
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary