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Jul 16 - 07:24 AM
AUD/USD - Remains Below 0.7050 Before U.S. Retail Sales Data
First appeared on eFXplus on Jul 16 - 05:55 AM
  • AUD/USD met fresh headwind pre-0.7050 (option barrier level) in Asia
  • 0.7028 = subsequent low, with dovish message from RBA minutes helping weigh
  • RBA ready to cut rates again "if needed" nL4N24H0OB nL4N24H0N6
  • Offers ahead of 0.7050 also capped AUD/USD gains on July 4
  • U.S. June retail sales data is due at 1230GMT, +0.1% f/c vs +0.5% in May
  • Unexpectedly negative number could re-inflate AUD/USD towards 0.7050

AUDUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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