AUD,NZD/FXWW News/JPY crosses

AUD opens lower after poor Chinese export data and lack of progress in US debt talks

  • Chinese exports in September fell to -0.3% YoY (+6.0% expected);
  • Still no sign of a resolution to debt-ceiling talks in the US;

The Yen crosses are a bit lower and the AUD is -0.5% in early interbank trade. AUD/USD saw lows near .9410 and EUR/JPY triggered stops below 132.90 before steadying.

  1. Morning Adrian. USD still looks bearish to me and that will attract AUD/USD dip buyers. Plus sellers ahead of 9500 barrier are buying dips to re-load their defences. But AUD looks bit sicker on crosses. Classic range trading set up I’d say and I’m not willing to guess which way breaks first

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