By Krishna K — Sep 09 - 07:35 PM
AUD/USD stays offered in Asia after closing 0.15% lower on Monday
Broadly stronger USD weighs as traders reduce bets on larger Fed rate cut
Chances of a 50 bps cut in Sep at 29%, had jumped to 50% after NFP data Fri
Growing concerns over China's economy, weak commodity prices undermine AUD
China August trade data Tuesday and U.S. CPI Wed key for immediate trend
Monday range 0.6688-0.6648; supports 0.6642-47, 0.6620-25,
Resistance 0.6685-90, 0.6720-25
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary