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Jul 14 - 11:55 PM

AUD/USD - Blips Higher As China Data Taken In Stride

By Krishna K  —  Jul 14 - 11:05 PM
  • AUD/USD moves slightly higher despite sharp slowing in China Q2 GDP growth

  • China Q2 GDP +0.4% y/y versus forecast of +1% nL4N2YW04X

  • Traders react positively to +3.1% y/y rise in June retail sales(f'cast 0.0%)

  • Aussie recovery attempts remain muted as global growth fears dominate

  • Decline in price of iron ore, copper weigh ; Dalian iron ore -6.6% Friday

  • Resistance 0.6790-0.6800, 0.6825-30, support 0.6715-20, 0.6680-85

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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