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Apr 17 - 11:55 PM

AUD/USD - Muted Reaction To Better Than Expected China GDP

By John Noonan  —  Apr 17 - 10:15 PM
  • AUD/USD briefly firmed to session high after better China Q1 GDP release nB9N35S02F

  • China March retail sales also better than expected nB9N35S02G

  • AUD/USD gains limited as market was positioned for a better China GDP

  • AUD/USD back around 0.6710 - but still above Monday close at 0.6701

  • Sellers at 0.6725 capping for now - but strong China data should underpin

  • Key will be reaction in key commodities to the better China data

  • AUD/USD support is at 0.6696 where the 10 & 21-day MAs converge

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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