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Jun 23 - 07:55 AM

AUD/USD - Scales One-Week Peak After Navarro's Walk Back

By Rob Howard  —  Jun 23 - 05:50 AM
  • AUD/USD hit 0.6939 during the European am after extending north from 0.6858

  • 0.6939 = one-week high. 0.6858 was Asia low, courtesy of WH adviser Navarro

  • Navarro walks back on comments China trade deal 'over' nL1N2E0050

  • 0.6935 was Asia high, pre-Navarro, after Aussie service PMI jumped to 53.2

  • See: nL1N2DZ2LZ. U.S. PMIs due 1345GMT; service f/c 46.5, mfg f/c 48.0

  • On Monday, RBA's Lowe said rising AUD not a problem yet nL4N2DZ062

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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