By Krishna K — Sep 14 - 11:00 PM
AUD/USD up 0.25% in Asia as China monthly activity data beats expectations
China factory output, retail sales beat forecasts in boost to recovery hopes
Further boosts risk appetite after China RRR cut Thursday had lifted mood
ASX 200 leads Asia stocks higher as commodity rally boosts Rio Tinto, BHP
Iron ore rallies to 2 -yr high, copper and other metals buoyant, support AUD
AUD gains constrained as higher-for-longer Fed rates view caps rally
Resistance at 0.6460 being eroded, next resistance at 0.6480-85
Support 0.6435-40, 0.6520; Asia range 0.6430-0.6463
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Source:
Refinitiv IFR Research/Market Commentary