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Nov 10 - 09:55 PM

AUD/USD - Drifts Higher But Upside Likely Limited

By Krishna K  —  Nov 10 - 08:00 PM
  • AUD/USD up 0.2% in quiet Asian trading after sharp 1.47% decline on Friday

  • Upside likely limited as negative China sentiment weighs

  • China's latest stimulus measures, inflation data disappoint

  • Lower commodity prices, Trump trade policy concerns undermine

  • U.S. CPI, Australia jobs and China monthly activity data key this week

  • Speeches by Fed Chair Powell and RBA Governor Michele Bullock Thu awaited

  • Support 0.6550-55, resistance 0.6625-30; Asia range 0.65745-0.6594

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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