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Sep 07 - 02:55 AM

AUD/USD - Probes 9-Mth Low As Asian Stock Markets, Iron Ore Slide

By Krishna K  —  Sep 07 - 01:20 AM
  • AUD/USD down 0.3%, nears 9-month low of 0.6358 as risk aversion grips Asia

  • China's exports, imports fall as pressures persist, weigh on risk mood

  • ASX 200 -1.3%, Shanghai Composite-0.6%, CNY hits 9-mth low, all weigh on AUD

  • Dalian iron ore drops 1.8%, down 3% from day high, undermines AUD sentiment

  • Talk China state planner NDRC met with futures companies on iron ore markets

  • China seeks to broaden Apple IPhone ban to state firms and agencies-BBG News

  • Likely to weigh on tech stocks in Wall Street; Apple closed 3.7 lower Wed

  • Robust U.S. economic data, inflation concerns add to pressure on AUD

  • Support 0.6350-60, 0.6290-0.6300, resistance 0.6400-05, 0.6425-30

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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