By Krishna K — Sep 07 - 06:20 PM
AUD/USD subdued in Asia after closing 0.1% lower Thu as USD stays firm
Weighed down by robust U.S. economic data, higher-for-longer Fed rates view
Deep-rooted concerns on China's economy, CNY closing at 16-yr low undermine
Lower iron ore and copper prices, weak risk sentiment likely to cap rallies
China state planner says to step up oversight of iron ore market
Cautious trading likely ahead of Chinese inflation figures on Saturday
Support 0.6350-60, 0.6290-0.6300, resistance 0.6400-05, 0.6425-30
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Source:
Refinitiv IFR Research/Market Commentary