By Krishna K — Dec 11 - 09:50 PM
AUD/USD down 0.5% as Asia stocks drop ahead of U.S. CPI Tuesday
Markets gripped by U.S. inflation concerns after Friday's PPI data
Traders pare risk trades ahead of this week's key events and pivotal data
Lowe speech, Fed rate decision Wed; China monthly activity data, AU jobs Thu
China reopening optimism subsides, weighs on AUD/USDnL4N32Z2WAnL4N32Z13H
Elevated prices for iron-ore and copper limit AUD downside
Resistance 0.6810-15, 0.6845-50, support 0.6740-50, 0.6700-05
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Source:
Refinitiv IFR Research/Market Commentary