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Aug 07 - 01:55 AM

AUD/USD - Pares Gains On Dour RBA, Rising Sino-US Tensions

By Krishna K  —  Aug 06 - 11:45 PM
  • AUD/USD down 0.3% as RBA says AU economic recovery slowed by virus 2nd wave

  • Slips to 0.7203 from 18-month peak of 0.7242 traded earlier Friday

  • C.bank cuts GDP outlook as virus returns to Melbourne nL4N2F90QA

  • Economy seen expanding 4% next year, down sharply from earlier 7% prediction

  • Sino-U.S tensions weigh; Trump imposes U.S. ban on WeChat, TikTok in 45 days

  • CNH weakens 0.4%, Shanghai Composite -1%, weigh on AUD nL1N2F9037

  • China July iron ore imports at highest monthly total on record, AUD positive

  • Focus shifts to U.S. July NFP in New York Friday

  • Resistance 0.7240-45, 0.7260 200-week MA; support 0.7200-05, 0.7175-80

  • For more click on FXBUZ


AUD/USD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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