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Apr 18 - 05:55 AM

AUD/USD - Buoyed By Hawkish RBA Minutes And China GDP Beat

By Rob Howard  —  Apr 18 - 03:45 AM
  • AUD/USD hits 0.6737 after extending north from 0.6681 (Monday's low)

  • 0.6737 is highest level since Friday (0.6808 was Friday's seven-week peak)

  • Ascent to 0.6737 spurred by hawkish RBA minutes and China Q1 GDP beat

  • AUD is often used as liquid proxy for yuan. Iron ore gains also lift AUD

  • See: nL4N36L0DX. Iron ore is Australia's biggest export earner

  • AUD/USD offers are tipped ahead of 0.6750 (200-day moving average)

Source:
Refinitiv IFR Research/Market Commentary

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