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Mar 21 - 10:55 PM

AUD/USD - Declines As Yuan Weakens Below 7.2000

By Krishna K  —  Mar 21 - 10:05 PM
  • AUD/USD down 0.3% in Asia as CNY falls below psychological 7.2000 support

  • Offshore yuan falls to 7.2422, weakest level since Nov 17; JPY at 4-mth low

  • Dollar rallies as U.S economy outperforms; Fed seen less dovish than peers

  • AUD undermined by failure to hold above 0.6600 Thu despite strong jobs data

  • AUD/JPY demand limits downside as yen carry trade still dominates

  • Resistance 0.6600, 0.6630, support 0.6530-35; Friday range 0.6577-0.6549

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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