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Sep 16 - 07:55 PM

AUD/USD - Retreats As Bets On An Early Fed Tapering Rise

By Krishna K  —  Sep 16 - 06:16 PM
  • AUD/USD opens 0.5% lower as fears of slowdown in U.S. economic growth ease

  • U.S. retail sales surprise to upside in strong boost to economy nL1N2QH2FM

  • Raises expectations that Fed will signal tapering at next week's meeting

  • Diverging Fed/RBA rate expectations weighs on AUD nL1N2QG077

  • Slump in metals prices AUD negative; copper down 2.6%, Dalian iron ore -3%

  • Australia's new US-UK security pact risks China trade nL4N2QI07F

  • Support 0.7270-75, 0.7245-50, resistance 0.7320-25, 0.7345-50

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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