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Thomson Reuters
Apr 17 - 03:48 AM
AUD/USD - Fails To Make Much Headway Despite Positive News
First appeared on eFXplus on Apr 17 - 02:20 AM
  • AUD/USD fails to gain on break of 0.7184-90 hurdle despite strong China data
  • Investors cautious, China growth euphoria offset by credit fearsnL3N21Z0TS
  • Rally stifled by Feb 21 high at 0.7207; stronger resistance at 0.7227
  • Waning global growth fears, strong risk appetite limit downside to 0.7140-50
  • Talk of M&A activity lifts AUD/JPY to fresh 2019 high, supports nL1N21Z03Y
  • AUD/NZD buying also boosts as RBA/RBNZ rate paths diverge nL3N21E0H8

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Source:
Thomson Reuters IFR Markets

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