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Apr 30 - 05:55 PM

AUD/USD - Subdued As China PMI Disappoints; First Repub Auction Eyed

By Krishna K  —  Apr 30 - 04:35 PM
  • AUD/USD on the defensive in early Asia after closing 0.2% lower Friday

  • Weighed down by U.S. inflation data which backs a Fed rate hike on May 3

  • Undermined by expectations that RBA will keep its rate unchanged at 3.6% Tue

  • China factory activity unexpectedly cools in Apr, to weigh on AUD sentiment

  • PNC, JPM putting in final bids for First Republic in FDIC auction -sources

  • Labour Day holiday in many Asian & European centers Mon will limit activity

  • Friday range 0.6643-0.6572; support 0.6565-75, resistance 0.6635-45

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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