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May 26 - 07:55 PM

AUD/USD - Subdued As China Economic Concerns Weigh

By Krishna K  —  May 26 - 05:45 PM
  • AUD/USD fails to rally despite strong recovery in risk sentiment; S&P +1.99%

  • Rally attempts stifled by concerns on China economic slowing; CNH down 0.8%

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

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

  • Scaled back bets on aggressive Fed interest rate hikes underpin

  • Australia retail sales, U.S. core PCE & Michigan consumer sentiment Fri eyed

  • Support 0.7055-60, 0.7035-40, resistance 0.7115-25, 0.7155-60

  • For more click on FXBUZ


Reuters poll: Australian house market prices: Click here

Source:
Refinitiv IFR Research/Market Commentary

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