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Thomson Reuters
Mar 31 - 05:00 PM
AUD/USD - Gaps Higher, Boosted By China PMI Data
First appeared on eFXplus on Mar 31 - 02:45 PM
  • AUD/USD gains 0.4% in early Asia on better than expected w/e China data
  • China March factory activity grows for first time in 4 months nL3N21G1EH
  • Welcome boost to risk sentiment, global recession fears may abate a touch
  • Follows Fri risk recovery, U.S. yields up, U.S.yield curve slightly positive
  • Upside limited ahead of major risk events- Tue RBA, govt.budget nL1N21G044
  • Resistance 0.7145-50, support 0.7090-0.7100; watch China Caixin mfg PMI Mon

Australia's economy, consumer spending slows; terms of trade jumps: Click here

Source:
Thomson Reuters IFR Markets

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