Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jan 11 - 07:55 AM

AUD/USD - Supported By Iron Ore's Climb Beyond $120/T

By Rob Howard  —  Jan 11 - 05:35 AM
  • AUD/USD has traded a 30 pip range since 0500 GMT; 0.6895-0.6925

  • Risk-sensitive AUD supported by SGX iron ore rise beyond $120 a tonne

  • See: nL1N33W0CD. Iron ore is Australia's biggest export earner

  • 0.6860 was Tuesday's low (pre-Powell) vs 19-week high of 0.6950 Monday

  • Rise to 0.6950 spurred by dovish shift in Fed expectations on soft U.S. data

  • Australian inflation resumes climb nL1N33W023. U.S. CPI data due Thursday

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!