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Jun 29 - 05:55 AM

AUD/USD - Weighed Down By Iron Ore Losses And Lockdown News

By Rob Howard  —  Jun 29 - 03:49 AM
  • AUD/USD falls to 0.7546, with iron ore losses helping weigh on the AUD

  • 0.7546 is lowest level since June 23. Dalian iron ore closed down 2.7%

  • See: nL2N2OB0EC. Iron ore is Australia's single biggest export earner

  • More Australian cities lock down amid outbreak of Delta virus variant

  • See: nL2N2OB00V. 0.7539, 0.7500 and 0.7478 are AUD/USD support levels

  • 0.7539 was June 23 low. 0.7478 was six-month double-day low on June 18/21

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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