By Krishna K — Sep 22 - 10:25 PM
AUD/USD +0.1% in Asia as China's c.bank lowers 14-day repo rate by 10 bps
Risk sentiment lifted by PBOC move; Nikkei futures up, S&P 500 futures +0.3%
Consolidation under 0.6839, 2024 high, likely ahead of RBA rate decision Tue
RBA to reiterate hawkish stance as labour market resilient, inflation sticky
Diverging RBA-Fed expectations support, concerns over China's economy cap
Australia CPI Wednesday and U.S. PCE Price Index Friday key data this week
Resistance 0.6839, 2024 high, 0.6871 Dec high; support 0.6780-85, 0.6740-50
Asia range 0.67985-0.68205
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Source:
Refinitiv IFR Research/Market Commentary