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Thomson Reuters
Mar 04 - 02:36 AM
AUD/USD - Bounces From Support But Dour Domestic Data Caps
First appeared on eFXplus on Mar 04 - 12:55 AM
  • AUD/USD holds 0.7070-75 support as CNH gains on trade hopes nL1N20R033
  • Recovery stunted, lacklustre AU data negates positive risk sentiment
  • AU Company profits, wages show muted growth in Q4, add to risks on economy
  • Annual GDP growth seen slowing to 2.6% yoy, bodes ill for RBA 3% 2019 f'cst
  • Focus shifts to Tuesday's RBA policy meeting, Gov.Lowe speech and Q4 GDP Wed
  • Supports 0.7070, 0.7055, loss of latter yields 0.7000-05; resistance 0.7125

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