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
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Source:
Refinitiv IFR Research/Market Commentary