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Thomson Reuters
Jul 04 - 08:36 AM
AUD/USD - Deflated By Copper Price Fall To Nine-Month Low
First appeared on eFXplus on Jul 04 - 06:25 AM
  • AUD/USD eyes 0.7377 (Asia low) after extending south from 0.7424
  • 0.7424 was nine-day high in Asia on above forecast Aussie retail sales
  • Ensuing retreat influenced by copper price fall to 9mth low nL4N1U01FE
  • Global trade concerns are also weighing on the risk-sensitive AUD
  • Chinese tariffs on U.S. goods to take effect on Friday nL4N1U02QG
  • Australia sees iron ore prices sliding 10% by 2020 nL4N1TY2ZU

AUDUSD: Click here

Source:
Thomson Reuters IFR Markets

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