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Aug 09 - 05:55 PM

AUD/USD - Retreats As Strong US NFP Triggers Broad Correction

By Krishna K  —  Aug 09 - 04:15 PM
  • AUD/USD off to a cautious start after 1.1% fall Fri on broad USD strength

  • Forecast-beating U.S. jobs report, Sino-U.S. tensions, dour RBA SOMP weigh

  • Undermined by metals fall; London copper -3.3%, gold -1.4%, Dalian iron -1%

  • U.S. politics eyed; Trump signs U.S. coronavirus relief orders nL1N2FA06J

  • RBA Lowe's appearance before Parliament Economics Committee Friday awaited

  • U.S.-China Aug 15 trade deal review, AU employment data Thursday key events

  • China July iron ore imports hit record high, AUD positive nL4N2F91C5

  • Support 0.7140-45, 0.7107-16, resistance 0.7180-85, 0.7195-0.7200, 0.7220-25

  • For more click on FXBUZ


China iron ore imports: Click here

Source:
Refinitiv IFR Research/Market Commentary

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