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May 26 - 03:55 AM

AUD/USD - Slumps In Risk Averse Asia; Yuan Slide Weighs

By Krishna K  —  May 26 - 02:15 AM
  • AUD/USD down 0.35% as risk aversion grips Asia on China economy concerns

  • China Premier Li Keqiang's sombre message on economy sours mood nL2N2XH0TT

  • S&P E-Mini -0.4%, ASX 200 -0.5%, London copper -0.5%, down for 3rd session

  • China iron ore futures down more than 4% Thursday, weighs on AUDnL2N2XI061

  • 0.9% fall in Australia business investment dents AUD sentiment nL2N2XI038

  • signs of a slowing U.S. economy, falling inflation expectations limit drop

  • Support 0.7035-45, 0.7010-15, resistance 0.7090-95, 0.7115-25

  • For more click on FXBUZ


Reuters poll: Australian house market prices: Click here

Source:
Refinitiv IFR Research/Market Commentary

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