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Dec 01 - 09:55 PM

AUD/USD - Subdued After Resistance Rejects, Ignores Aus Data

By Krishna K  —  Dec 01 - 08:00 PM
  • AUD/USD down 0.2% Mon as USD strengthens broadly & EUR slumps on France news

  • Failure to overcome resistance at 0.6530 weighs; initial support 0.6470-75

  • Downside limited as lower U.S. yields and hawkish RBA support

  • Weekend news on China's economy, house prices positive, will lift sentiment

  • Australia Oct retail sales beat forecast, positive for consumption growth

  • Q3 business inventories fall 0.9%, may weigh on Q3 GDP data due Wed

  • Monday range 0.6493-0.6527

  • For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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