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May 18 - 12:12 PM

AUD/USD - Better Bid On Possible Thaw In China-AU Trade Spat

By Krishna K  —  May 18 - 01:55 AM
  • AUD/USD rallies 0.3%, supported by China's reconciliatory tone on AU trade

  • Supported as Dalian iron ore at record high; oil, precious metals, copper up

  • China has sought to defuse Australia tensions -AFR Click here

  • In communications with AU over trade disputes: Commerce MinisternB9N2CG051

  • World Health Assembly meets Mon, may endorse enquiry into pandemic origins

  • Resistance 0.6450-55, 0.6470-75, support 0.6400-10, 0.6373-78

  • Related nL4N2D00LU


Central bank balance sheets IMAGE: Click here

Source:
Refinitiv IFR Research/Market Commentary

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