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May 23 - 02:55 AM

AUD/USD - Higher; Biden Says Considering Reducing China Tariffs

By Krishna K  —  May 23 - 02:10 AM
  • AUD/USD rallies 1.2% as risk sentiment starts week on a buoyant note in Asia

  • S&P 500 futures jump 1.1%, rise strongly after making a spike low on Friday

  • U.S. President Biden says considering reducing tariffs on China nT9N2VL001

  • China reopening hopes, buoyant NZD on RBNZ rate hike expectations lift AUD

  • Relief Australian election had resulted in clear winner supportsnL2N2XE0KM

  • Copper, iron rally on China demand hopes, boost AUD nL2N2XF04KnL2N2XF036

  • Resistance 07140-50, 0.7180, support 0.7080, 0.7055-60

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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