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Mar 25 - 07:55 AM

AUD/USD - Pivots 0.76 After Respecting Seven-Week Low

By Rob Howard  —  Mar 25 - 06:06 AM
  • AUD/USD has traded a 22 pip range since 0630GMT, 0.7584-0.7606

  • The base of that range is five pips shy of the seven-week low in Asia

  • Drop to 0.7579 was influenced by U.S. equity losses (Nasdaq closed down 2%)

  • AUD is liquid proxy for risk appetite. 0.7614 was Asia high (after 0.7579)

  • Commodity prices mixed: copper down, iron ore up nL1N2LN08PnL1N2LN0AV

  • Some Australians return home, others evacuated in floods crisis nL1N2LN01B

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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