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Sep 08 - 11:55 PM

AUD/USD - Makes A Feeble Attempt To Recover, Upside Limited

By Krishna K  —  Sep 08 - 11:15 PM
  • AUD/USD +0.2%, drifts higher on light short-covering after sharp fall on Fri

  • Upside limited as risk aversion grips Asia following Wall Street swoon

  • Lacklustre China inflation data exacerbates; ASX200-0.7%, Shanghai Comp-0.9%

  • Weak commodity prices likely to weigh; Dalian iron hits 1-year low in Asia

  • U.S. inflation , China trade and monthly activity data key this week

  • Support 0.6640-45, resistance 0.6700-05, 0.6725-30; Asia range 0.6664-0.6688

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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