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