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Jun 20 - 06:55 AM

AUD/USD - Up To Threaten 0.70 Despite Iron Ore's Plunge

By Rob Howard  —  Jun 20 - 06:05 AM
  • AUD/USD eyes 0.70 after extending north from 0.6927 (Asian session low)

  • Risk-sensitive AUD shrugs off steep drop in iron ore prices nL1N2Y70AJ

  • More: nL1N2Y704T. Iron ore is Australia's largest export earner

  • 0.6898 was pre-weekend low for AUD/USD (0.7069 was Thursday's high)

  • Lowe to speak about "Inflation and monetary policy" on Tuesday at 10am AEST

  • June 7 RBA meeting minutes will be published 90 minutes after Lowe speech

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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