China's CMRG directive to halt Rio Tinto ore negotiations appears to become effective in September, but enforcement unconfirmed; AUD weakens.
NAB business conditions hit six-year low; ASX, AUD, NZD soften; RBA hike probability high.
China releases August trade data today, with export and import growth expected to accelerate, while a beat could support risk currencies like the Australian…
AUDUSD climbed to 0.7224, its highest since mid-May, as copper hit a fresh record. The next hurdle is the 0.7221-0.7228 swing area.
The Australian dollar bounced from last week's lows near 0.7139, now testing the 200-hour moving average at 0.71635.
AUDUSD tests and bounces from 200-hour MA at 0.7157, increasing its importance.