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Nov 07 - 07:55 AM

AUD/USD - Helped Towards Friday's High By Risk Appetite Rise

By Rob Howard  —  Nov 07 - 06:15 AM
  • AUD/USD hit 0.6477 at 0930 GMT, 90 minutes after threatening 0.6400 again

  • 0.6477 = intra-day high (six pips shy of Friday's peak). 0.6401 was Asia low

  • See: nL1N3220E9. Rise to 0.6477 aided by 2.7% Hang Seng gain nL1N32306M

  • AUD is China proxy. Offers expected pre-0.65 if AUD/USD extends north

  • 0.6493 was last week's high (Nov 2). U.S. midterm elections Tuesday

  • See: nL1N322080nL1N31W1B6. U.S. Oct CPI data due Thursday; 8% YY f/c

Source:
Refinitiv IFR Research/Market Commentary

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