By Krishna K — May 12 - 01:40 AM
AUD/USD down 0.75% in Asia as worries about China's slowing economy weigh
CNY drops to a 19-month low, dragging risk currencies down with it
China's tightening COVID-related lockdowns add to global growth concerns
Undermined by fear of big Fed hikes as CPI moderates less than expected
Lower metals weighing on AUD; copper falls 1% on demand outlooknL2N2X406Z
Support 0.6875-80, 0.6835-40, resistance 0.6940-50, 0.6990-0.7000
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Source:
Refinitiv IFR Research/Market Commentary