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Thomson Reuters
Jun 07 - 08:36 PM
AUD/USD - Wings Clipped By Trade Concerns Ahead Of G7 Meeting
First appeared on eFXplus on Jun 07 - 06:35 PM
  • AUD/USD worst performer in G10 Thu as risk mood sours ahead of G7 Fri/Sat
  • Some G7 leaders plot fightback against Trump on trade at summit
  • Focus moves to Q2 performance after stronger-than-expected AU data this week
  • Thu's data shows 2.2% drop in export values, raises doubts on Q2 performance
  • Rally in copper and oil ignored as EM concerns weigh ahead of long w/e in AU
  • Previous resistance @ 0.7580-90 now supports, 0.7670-80 to cap rallies

EU US trade IMG Click here

Australia wine exports to China IMG Click here

Source:
Thomson Reuters IFR Markets

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