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Nov 25 - 05:55 AM

AUD/USD - Down Half-A-Cent From Bessent News-Spurred High

By Rob Howard  —  Nov 25 - 04:10 AM
  • 0.6499 is low water-mark for AUD/USD since its Asian session rise to 0.6549

  • Ascent to 0.6549 spurred by lower UST yields on Bessent for Treasury news

  • 0.6549 was highest level since Nov 12 (0.6581 was high that day)

  • AUD/NZD maintains 1.11 handle ahead of RBNZ rate decision Wednesday

  • 1.1180 was Friday's 25-month high, as kiwi fell on risk of 75 bps RBNZ cut

  • RBA is expected to keep interest rates unchanged next month (Dec 10)

Source:
London Stock Exchange Group | Thomson Reuters

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