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Thomson Reuters
Mar 14 - 05:00 AM
AUD/USD - Fails To Recover From China Data Let-Down
First appeared on eFXplus on Mar 14 - 02:45 AM
  • AUD/USD drifts towards support at 0.7050, lacklustre China data weighs
  • Risk sentiment sours in Asia, boost from Brexit news, US stock rise fade
  • AU bond yields drop, markets fully price in 25-bps cut in cash rate by Aug
  • AU 10-year yield at 66 bps below U.S., widest gap on record
  • Failure at 0.7100-05 resistance turns focus back on to 0.7050 s/t base
  • Further support at 0.7025, pivotal at 0.7000-05; sell rally mode prevails

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Source:
Thomson Reuters IFR Markets

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