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Jul 31 - 05:55 PM

AUD/USD - Marked Down As China PMIs Disappoint; Geopolitics Eyed

By Krishna K  —  Jul 31 - 05:00 PM
  • AUD/USD marked lower on China data disappointment, rising Sino-U.S. tensions

  • Reportedly quoted 0.6965-80 on some trading platforms from 0.6990 NYK close

  • China's factory activity contracts unexpectedly in July as COVID flares up

  • July official services PMI grows at slower pace nL1N2ZC00D

  • U.S.-China tensions weigh as Pelosi begins Asia tour nL1N2ZC01J

  • Tempering of aggressive Fed rate hikes expectations may limit downside

  • RBA meeting Tuesday in focus, 50bps rate hike widely expected nL4N2Z81WS

  • Resistance 0.7000-05, 0.7030-35, support 0.6950-60, pivotal at 0.6900-10

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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