By Refinitiv — Mar 04 - 07:50 PM
• AUD/USD up 1.1% from Tue 0.6187 low, benefiting from USD weakness
• AU Q4 GDP beats: +0.6% q/q (poll 0.5%) +1.3% y/y (poll 1.2%)
• Global growth concerns dent USD following China retaliatory measures
• Hauser re-iterated RBA doesn't share market's view on more OCR cuts
• Traders eyeing China NPC - material stimulus will invigorate AUD
• U.S. factory orders, PMIs due Wed; AU trade data Thur
• Range AUD Asia 0.6255-79, support 0.6190, resistance 0.6330 0.6415
AUD midday
Source:
London Stock Exchange Group | Thomson Reuters