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AUD rate cut fears weigh but 78 cents supported

AUD/USD opened Monday at 0.7845; traded 0.7803-45 in Asia; last 0.7831 AUD local data mostly firm - especially building approvals Negative China HSBC mfg PMI print saw AUD/USD make fresh low at 0.7803 Support ahead of 78…

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  • AUD/USD opened Monday at 0.7845; traded 0.7803-45 in Asia; last 0.7831

  • AUD local data mostly firm - especially building approvals

  • Negative China HSBC mfg PMI print saw AUD/USD make fresh low at 0.7803

  • Support ahead of  78 cents held and modest recovery seen 

 

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