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Aug 27 - 05:55 PM

AUD/USD - Ratchet Lower Continues As China Concerns Fester

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

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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