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May 06 - 02:55 AM

AUD/USD - Takes China Reprisal In Stride, Eyes Debelle Speech

By Krishna K  —  May 06 - 01:38 AM
  • AUD/USD regains poise into London after drop from 0.7758 to 0.7701 in Asia

  • Move triggered by China suspending economic dialogue mechanism with AU

  • Marks the latest setback for their strained relations nL1N2MT048

  • Commodity prices near multi year highs, Dalian iron ore +5.4% Thurs, AUD +ve

  • RBA Dep Gov Debelle speech at 0900GMT Thursday eyed; SOMP due Friday

  • Support 0.7700-05, 0.7675-80, resistance 0.7760-65, 0.7785-90

  • For more click on FXBUZ


Australia exports to China vs the rest of the world Click here

Source:
Refinitiv IFR Research/Market Commentary

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