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Sep 08 - 08:36 PM
AUD/USD - Opens Tad Lower, China Exports Slump May Curb Gains
First appeared on eFXplus on Sep 08 - 04:40 PM
  • AUD/USD opens -0.15% as China's Aug exports unexpectedly shrink nL3N25V0RL
  • News to curb rise after robust rally Fri on back of China RRR cut, CNH gains
  • Hopes of more China stimulus, Fed rate cut to underpin as risk mood improves
  • Offshore events to dictate moves this week as tier-1 AU economic data absent
  • Investors overly optimistic on outcome of US-China trade talks ?
  • Resistance 0.6865, 0.6876-80; support 0.6825-30, 0.6805-10

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Source:
Refinitiv IFR Research/Market Commentary

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