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Nov 09 - 05:55 PM

AUD/USD - Opens Lower; Global Inflation Worry Sours Risk Mood

By Krishna K  —  Nov 09 - 04:53 PM
  • AUD/USD opens 0.55% lower as global inflation risk leads to risk-aversion

  • All three major U.S. stock indexes lose ground; U.S. real yields tumble

  • Lower copper and iron ore prices, AUD/JPY sales undermine Aussie

  • Traders await China, German, US October inflation data Wed for direction

  • RBA's dovish outlook continues to weigh on AUD; employment data key Thursday

  • Support 0.7360-65, break opens 0.7325-30; resistance 0.7410, 0.7430-35

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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