By Krishna K — Sep 15 - 11:15 PM
AUD/USD edges higher, up 0.15 % in Asia but weak China data sours mood
China Aug industrial output, retail sales miss forecasts, credit data soft
New home prices fall at fastest pace in over 9 years in August
News likely to weigh on commodities, undermine AUD; AUD/JPY stays soft
Rising expectations of 50bps Fed Sep 18 rate cut fail to lift AUD
Holiday in China and Japan on Monday dampen trading activity
Fed, BOJ rate decisions, Australia jobs data, China LPR fixing key this week
Resistance 0.6725-30, 0.6745-50, support 0.6675-80, 0.6650-55
Asia range 0.6715-0.6700
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Source:
Refinitiv IFR Research/Market Commentary