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Sep 14 - 11:55 PM

AUD/USD - Perks Up On China Data Beat But Gains Laboured

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

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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