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Apr 23 - 02:55 AM

AUD/USD - Pares Losses As Asia Takes Biden's Tax Plan In Stride

By Krishna K  —  Apr 23 - 01:10 AM
  • AUD/USD rises 0.35% in Asia as risk sentiment stablises; E-Mini up 0.2%

  • O/night drop on Biden tax plan seen overdone, measures will face opposition

  • Spot iron ore prices touch decade high, copper hovers near 10-yr hi, support

  • Upside capped as U.S. economic outlook improves; U.S. Apr mfg PMI due Friday

  • Traders look to AU Q1 CPI & Fed meeting next week for interest rates clarity

  • Support 0.7685-90, 0.7670-75, resistance 0.7740-45, 0.7760-65

  • For more click on FXBUZ


Spot iron ore prices in China hit decade highs: Click here

Source:
Refinitiv IFR Research/Market Commentary

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