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Sep 15 - 11:55 PM

AUD/USD - Subdued As Weak China Data Weighs

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

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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