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Mar 31 - 01:55 AM

AUD/USD - Resilient To USD Strength As China Data Supports

By Krishna K  —  Mar 31 - 12:41 AM
  • AUD/USD +0.15% in Asia on global growth optimism, ignores broad USD strength

  • Boosted by China mfg activity expanding at quickest pace in 3 months in Mar

  • Biden's infrastructure plan which could be worth as much as $4 tln supports

  • Resource-rich Australia well placed to benefit from likely commodities boost

  • AU sees record $104 bln iron ore exports this financial year nL1N2LQ0L0

  • Aussie gains on crosses but rising U.S. yields to cap gains versus USD

  • Clear break of 0.7564 opens 0.7500-17, resistance 0.7625-30, 0.7645-50

  • Related nL4N2LS0XYnL1N2LS1IXnL1N2LS0BL

  • For more click on FXBUZ


COMMODITIES-AUSTRALIA: Click here

Source:
Refinitiv IFR Research/Market Commentary

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