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May 15 - 05:00 PM

AUD/USD - Strong Bounce To Open Higher Ahead Of China Data

By John Noonan  —  May 14 - 06:20 PM
  • AUD/USD reversed higher during US session after hitting 1-week low at 0.6404

  • Late rally sparked by strong gains on Wall Street nL1N2CW2EB

  • AUD/USD settling in middle of well-defined 0.6370/0.6570 range

  • Lingering trade war concerns / coronavirus uncertainty likely to cap rallies nL1N2CW0TSnL1N2CW0RF

  • AUD/USD demand related to large offshore purchases of Aus bonds underpin nL4N2CW0WX

  • Key China data the main event in Asia today with some improvement expected













aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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