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Aug 25 - 03:55 AM

AUD/USD - Bobs Up As China Tries To Soothe Foreign Investors

By Ewen Chew  —  Aug 25 - 02:10 AM
  • AUD/USD bobs back up to flat from Fri low 0.6402

  • Last 0.6416, still inside Bollinger downtrend channel

  • Closing above 0.6417 needed to nullify bearish view

  • Media reports China to hold meeting with global investors

  • Follows Thurs meeting with domestic FIs to support stocks

  • But Powell speech at Jackson Hole may be bigger AUD/USD factor

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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