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Jul 27 - 07:55 PM

AUD/USD - Opens Lower As China Equity And Yuan Weakness Weighs

By John Noonan  —  Jul 27 - 06:43 PM
  • AUD/USD opens 0.20% lower as AUD fell against most major currencies

  • Fall in CNY and huge selloff in China equities weighing on sentiment nL1N2P30EKnL1N2P329A

  • AUD a proxy for EM and EM ETF (EEM) fell over 2.0% as IMF warns on EM growth nL4N2P3084

  • Aus CPI today but it is unlikely going to impact RBA expectations

  • AUD/USD buyers between 0.7330/40 where support is forming

  • Resistance is at the 21-day MA at 0.7430 and break would ease pressure

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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