By Krishna K — Sep 07 - 10:15 PM
AUD/USD up 0.2% in Asia on pre-weekend position squaring but upside limited
CNY drops to 16-yr low despite PBOC's much lower than expected fix, will cap
Robust U.S. economic data and economic outperformance weighs on AUD
USD stays firm as Fed officials reiterate higher for longer rates view
Lower iron ore, copper prices, weak risk sentiment undermine AUD sentiment
Traders cautious ahead of China inflation data and G20 leaders summit Sat
Support 0.6350-60, 0.6290-0.6300, resistance 0.6400-05, 0.6425-30
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Source:
Refinitiv IFR Research/Market Commentary