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Dec 04 - 08:36 AM
AUD/USD - Helped Off Intra-Day Low By US/China Trade Deal Tip
First appeared on eFXplus on Dec 04 - 05:10 AM
  • AUD/USD rallied to 0.6833 (European am high) after a report about U.S./China

  • U.S. and China move closer to phase-one trade deal - Bbg nFWN28E05V

  • AUD/USD slid to 0.6813 ahead of the report, courtesy of Aussie GDP miss

  • See: nL4N28D3N5. 0.6815 was Tuesday's low, before it rose to 0.6862

  • 0.6862 = 3-week high, before Trump said China trade deal may have to wait

  • See: nL8N28D4ZMnL4N28E0N9. 0.6853 was Asia high, pre-Aussie GDP data

AUDUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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