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Mar 13 - 07:55 PM

AUD/USD - Slips As Traders Recoil From Global Concerns

By James Connell  —  Mar 13 - 05:39 PM

• AUD/USD lower overnight as EUR dipped and U.S. equities continued to slide

• German spending package optimism wavered, acceptance debate ongoing/vote Tue

• Failure would leave formation of a conservative/SPD coalition in disarray

• Trade concerns continue; Trump threatened 200% tariff on EU alcohol imports

• Benign U.S. data overnight; China industrial output, retail sales due Mon

• AUD trading toward bottom of weekly range, support 0.6260, resistance 0.6415

• Overnight AUD range 0.6269-0.6301
AUD mng


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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