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Nov 23 - 07:55 AM

AUD/USD - Helped Towards 8-Week High By Positive Vaccine News

By Rob Howard  —  Nov 23 - 06:00 AM
  • AUD/USD eyes 0.7340 as AZ vaccine news lends support to risk-sensitive AUD

  • See: nL4N2I91B5. 0.7340 was eight-week high earlier this month (Nov 9)

  • 0.7339 was last week's high (Nov 17). Stops may be sheltering above 0.7350

  • AUD/USD has not traded above 0.7350 since Sept 2 (0.7345 was mid-Sept high)

  • IMM speculators remained net AUD short in the week to Nov 17 nL1N2I90JN

  • RBA's Debelle to speak about "Monetary Policy in 2020" on Tuesday

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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