By James Connell — Mar 11 - 06:21 PM
• AUD/USD moved higher overnight, softening late on tariff disappointment
• Trump stipulated Australia not exempt from steel, aluminium tariffs
• Markets wary potential self-inflicted U.S. recession/simultaneous inflation
• CA electricity charge countered by U.S. doubling CA tariffs; later revoked
• Thin domestic updates leave offshore data, geopolitics, tariff news dominant
• U.S. core CPI (Feb) on Wed critical ahead of Mar 19 Fed rate decision
• Overnight range 0.62625-0.63115, support 0.6260 0.6190, resistance 0.6415
AUD mng
(James Connell is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters