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Nov 04 - 02:55 AM

AUD/USD - Buoyant As China Related News Spurs Buying

By Krishna K  —  Nov 04 - 01:10 AM
  • AUD/USD rallies 0.9% as Asia shares rise on China reopening optimism

  • Hang Seng Index up 5.7%, Shanghai Composite up 2%, yuan rises 0.55%

  • Investors continue to look for signs that China will exit COVID-zero policy

  • Bloomberg reports US audit inspectors finish China audit earlynL4N32014I

  • Upside limited as RBA highlights its relatively dovish stance nL4N3200PZ

  • In contrast, Fed likely to hold rates at higher level for longernL1N31Z25P

  • US Oct jobs report eyed Fri; 200k new jobs, 3.6% unemployment rate expected

  • Resistance 0.6370-75, 0.6395-0.6400, 0.6425; support 0.6305-10, 0.6275-80

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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