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Aug 06 - 07:24 AM
AUD/USD - Offers Cap Gains After Record Aussie Trade Surplus
First appeared on eFXplus on Aug 06 - 04:35 AM
  • AUD/USD met headwind at 0.6800 after vaulting 0.6795 (Asian session peak)
  • Ascent to 0.6800 influenced by Australia's record trade surplus nL4N2520UZ
  • 0.6804 was Monday's high--before its risk aversion-spurred drop to 0.6748
  • Drop to that 7mth low fuelled by USD/CNY cracking 7 for 1st time since 2008
  • 0.6750 was Asia low, after U.S. designates China a currency manipulator
  • See: nL4N2520UZ. 0.6819 (Friday's top) is a resistance level beyond 0.6804

AUDUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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