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Aug 26 - 10:55 PM

AUD/USD - Inches Higher As China Data Lifts Mood

By Krishna K  —  Aug 26 - 10:10 PM
  • AUD/USD up 0.1% in Asia as China's Jan-July industrial profits jump 3.6% y/y

  • Data lifts negative mood on China's economy slightly, boosts Aussie

  • China factory output, export, prices, bank lending in Aug missed forecasts

  • AUD rally being thwarted by strong resistance at 0.67985

  • Risk aversion on Middle East tensions and slightly higher U.S. yields cap

  • Australia July CPI Wed, U.S. core PCE price index Fri key for direction

  • Above 0.6800 opens test of 0.6819, 61.8% of 0.7158-0.6271 drop in 2023

  • Supports 0.6745-50, 0.6725-30' Asia range 0.6759-0.6779

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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