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Thomson Reuters
Mar 01 - 12:12 AM
AUD/USD - Retains Offered Tone, Scant Relief From China Data
First appeared on eFXplus on Feb 28 - 10:40 PM
  • AUD/USD drifts lower in Asia, shrugs away better than expected China data
  • China Caixin PMI tops expectations, rises to 49.9 in Feb from 48.3 in Jan
  • AUD briefly rises to 0.7109 but fails ahead of purported offers at 0.7120-25
  • Tepid bids emerge ahead of Feb 22 low at 0.7082; Asia range 0.7085-0.7109
  • Concerns on economy persist nL3N20N7WR; RBA policy meet Tue, AU 4Q GDP Wed
  • Supports 0.7070, 0.7055, loss of latter yields 0.7000-05; resistance 0.7125

Source:
Thomson Reuters IFR Markets

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