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Aug 16 - 06:55 AM

AUD/USD - Weighed Down By Chinese Economic Data Misses

By Rob Howard  —  Aug 16 - 05:04 AM
  • AUD/USD eyes 0.7330 (Friday's low) after disappointing Chinese economic data

  • See: nL1N2PN03I. The data has negatively impacted the risk-sensitive AUD

  • Copper and Chinese steel futures fall nL1N2PN0BXnL1N2PN0FF

  • There is a large 0.7330 option expiry Tuesday, A$1 billion strike

  • 0.7381 was Friday's high, after U.S. consumer sentiment plunge hurt the USD

  • IMM specs raise net AUD short to highest level since March 2020 nL1N2PK21R

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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