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Sep 30 - 07:55 PM

AUD/USD - Opens Higher As USD Eases On Profit-Taking

By Krishna K  —  Sep 30 - 06:43 PM
  • AUD/USD opens 0.7% higher as USD slips on month-end position adjustments

  • Buoyed by a recovery in iron ore prices ahead of week long holiday in China

  • Rising prices for Australia's energy exports such as coal, LNG support

  • News China ordered top energy firms to secure supplies at all costs boosts

  • Passage of funding bill to avert U.S. govt shutdown lifts risk sensitive AUD

  • Upside capped by Wall Street slide on inflation fears, Fed's hawkish tilt

  • Resistance 0.7255-60, 0.7285-90, support 0.7200-05, 0.7180-85

  • For more click on FXBUZ


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Global markets in 2021 and Q3: Click here

Source:
Refinitiv IFR Research/Market Commentary

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