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Apr 22 - 05:55 AM

AUD/USD - On 0.64 Handle After Trump's Attacks On Powell

By Robert Howard  —  Apr 22 - 04:05 AM

• AUD/USD holds above 0.6400 (ex-resistance level) as it consolidates gains

• 0.6439 was high at 0531 GMT, highest level since Dec 10

• Ascent to 0.6439 fuelled by USD selling after Trump's attacks on Powell

• Offers pre-0.64 capped AUD/USD gains last week (0.6395 = April 17/18 highs)

• CFTC data: net AUD short down 7% to 58,848 contracts in week ended April 15

• Early voting in Australia election begins; Labor party holds slender lead

AUDUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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