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May 17 - 06:12 PM

AUD/USD - Nears Lower End Of Range On China-AU Trade Tensions

By Krishna K  —  May 17 - 04:50 PM
  • AUD/USD gravitates towards lower end of well worn 0.6370-0.6570 range

  • Weighed down by rising China-AU and U.S.-China trade, diplomatic tensions

  • Australia says China ignores calls to ease trade tension nL4N2CZ012

  • China says opposed to latest U.S. rules against Huawei nL4N2CZ06A

  • Fed's Powell downbeat economic assessment may weigh on risknL1N2CZ03Z

  • RBA minutes of May meeting Tues, Governor Lowe panel appearance Thurs eyed

  • Support 0.6400-05, 0.6373-78, resistance 0.6445-50, 0.6470-75


Who will join the sub-zero rate club next? Click here

Source:
Refinitiv IFR Research/Market Commentary

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