By Rob Howard — Sep 30 - 05:40 AM
0.6921 is low water-mark for AUD/USD since its Asian session rise to 0.6941
Rise to 0.6941 (19-month high) followed China property stimulus news Sunday
China stimulus news is boon for Australia's resources industry, and the AUD
Dalian iron ore up 10% today (iron ore is Australia's biggest export earner)
CFTC data: net AUD short fell 71% to 11,248 contracts in week ended Sept 24
Fed Chair Powell is due to speak in Nashville at 1755 GMT nL1N3LA03Z
Source:
Refinitiv IFR Research/Market Commentary