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Sep 03 - 05:55 PM

AUD/USD - Failures Above 0.6500 Weigh; China Optimism May Support

By Krishna K  —  Sep 03 - 05:10 PM
  • AUD/USD starts week on a cautious note after closing 0.5% lower Friday

  • Higher U.S. yields, higher-for-longer Fed rate views weigh

  • U.S. jobs report pointing to a soft landing for economy undermines

  • Failure to sustain rallies above 0.6500 weakens technical picture further

  • Positive China news may support as authorities move to shore-up confidence

  • Country Garden wins bond extension in relief for China's property sector

  • China will widen market access for the service industry - President Xi

  • China ramps up economic support; PBOC cuts banks' FX reserve ratio Friday

  • RBA rate meeting Tue, central bank expected to keep rates steady

  • Support 0.6440, 0.6410, resistance 0.6480, 0.6500; Fri range 0.6522-0.6450

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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