By Krishna K — Apr 24 - 11:50 PM
AUD/USD drops 0.25% in holiday-thinned Asian markets as risk sentiment sours
Opened 0.6693, small uptick to 0.6705 seized on by sellers, Asia low 0.6679
S&P E-Mini down 0.2%, Shanghai Composite down 0.3%, Hang Seng declines 1.7%
Dalian iron ore at 4 month-low, copper hovers near 2-wk low, undermining AUD
Offshore yuan consolidates near weakest level in nearly a month, weighs
Australia Q1 CPI due Wednesday, will be pivotal for RBA rate expectations
Australia and New Zealand markets closed Tuesday, affecting trading activity
Strong support at 0.6665-70, resistance 0.6715-20, 0.6740-45
Source:
Refinitiv IFR Research/Market Commentary