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May 15 - 11:55 PM

AUD/USD - China IP And Retail Sales Worse Than Expected

By John Noonan  —  May 15 - 10:10 PM
  • China April retail sales and IP came in below expectations nB9N36V019

  • AUD/USD has eased to the session low below 0.6685 after the data

  • Market was expecting a bigger jump in China activity due to low base effect

  • The weaker than expected numbers will likely weigh on commodity prices

  • AUD/USD below 21-day MA at 0.6691 with next support at Friday's 0.6636 low

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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