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