By Krishna K — Sep 18 - 07:35 PM
AUD/USD subdued in Asia after closing 0.1% higher Wed in choppy trading
Fails to sustain sharp rally to 0.6820 after Fed's oversized 50 bps rate cut
U.S. yields rebound in "buy rumour, sell news" reaction to Fed, cap AUD rise
Rejection at Aug 0.6824 high results in drop to 0.6742 before stabilising
Concerns over China's economy, 4.3% iron ore fall temper bullish AUD mood
Iron ore posts steepest daily fall in nearly two years
Diverging RBA-Fed rate expectations limit downside; Aus jobs data Thu key
Support 0.6740, 0.6720-25, 0.6695-0.6700; resistance0.6795-0.6800, 0.6820-25
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Source:
Refinitiv IFR Research/Market Commentary