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Jan 14 - 06:55 AM

AUD/USD - Rises To Intra-Day High Before Biden Stimulus Plan

By Rob Howard  —  Jan 14 - 06:09 AM
  • AUD/USD reaches 0.7769 (intra-day high) after rising from 0.7729 (Asia low)

  • Ascent precedes U.S. stimulus package details from President-elect Biden

  • CNN reported stimulus package will be around $2 trillion nL4N2JP19A

  • Mooted offers ahead of 0.78 may cap AUD/USD if it extends north

  • 0.7798 was last Friday's high (after unexpectedly negative U.S. NFP number)

  • Federal Reserve chairman Powell is slated to speak at 1730GMT

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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