By Krishna K — Aug 27 - 04:50 PM
AUD/USD under pressure in early Asia after closing 0.3% lower Monday
Undermined by guardedly hawkish Powell, higher-for-longer Fed rate view
Fed's Mester sees another rate hike, says rate cuts may have to wait
China industrial profits fall as economy falters; news will weigh on AUD
Australia concerned about China economy, monitoring 'very closely'
China halves stamp duty on stock trades, may lift risk and AUD in Asia Mon
Australia retail sales Mon, CPI Wed, China PMI, U.S. jobs data key this week
Support 0.6380, 0.6365, resistance 0.6440-45,0.6490; Fri range 0.6442-0.6380
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Source:
Refinitiv IFR Research/Market Commentary