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May 12 - 09:48 PM

AUD/USD - Settles Around 0.6435/40 After Deep Slide

By John Noonan  —  May 11 - 09:45 PM
  • AUD/USD fell as low as 0.6432 on Aus-China trade tension and sour risk mood

  • Reports China to blacklist 4 Aus beef abattoirs stoked concerns

  • NAB Business survey showed conditions worse while outlook slightly improved nS9N2CO00D

  • Market not reacting to NAB survey or China inflation data just out nB9N2CG03F

  • AUD/USD support at 21-day MA at 0.6420 and close below would be bearish










aud/usd IMAGE Click here

Source:
Refinitiv IFR Research/Market Commentary

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