Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Nov 11 - 05:55 PM

AUD/USD - Increasingly Vulnerable As Negatives Mount

By Krishna K  —  Nov 11 - 05:00 PM
  • AUD/USD on defensive in Asia as USD index jumps to highest since early July

  • Undermined by worries over future U.S. trade and monetary policy

  • Weighed down by falling commodity prices and negative China sentiment

  • Copper hits 7-week low, Dalian iron ore slumps to 2-week low, gold falls 2%

  • Weak China inflation and credit data, stimulus measures disappointment weigh

  • U.S. CPI, Australia wages & jobs, China monthly activity data key this week

  • Speeches by Fed Chair Powell and RBA Governor Michele Bullock Thu awaited

  • Support 0.6550, 0.6510-15, resistance 0.6625; Monday range 0.65635-0.65985

  • Test of key support at 0.6489, 76.4% of Aug-Sep rally, likely in coming days

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!