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Thomson Reuters
Feb 28 - 11:00 PM
AUD/USD - Dented By Firmer US Yields, Data Surprises
First appeared on eFXplus on Feb 28 - 05:15 PM
  • AUD/USD drifts towards lower end of 0.7050-0.7200 range on external factors
  • U.S. data beat, soft China PMI, widening AU-U.S. yield spreads weigh
  • Receding optimism on U.S.-China trade talks dampens risk mood nL1N20N0Y0
  • U.S. GDP beats forecasts, contrasts with downside risks to AU 4Q GDP due Wed
  • RBA policy meeting Tues & Gov.Lowe speech Wed likely to spur AUD volatility
  • Supports 0.7070, 0.7055, loss of latter yields 0.7000-05; resistance 0.7125

Source:
Thomson Reuters IFR Markets

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