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Oct 23 - 06:55 AM

AUD/USD - Rises To One-Week High Just Shy Of 0.7150

By Rob Howard  —  Oct 23 - 04:50 AM
  • AUD/USD hits 0.7148 after rallying off 0.7103 (early Europe intra-day low)

  • 0.7148 is the highest level since Oct 15 (when AUD fell on dovish Lowe)

  • 0.7021 was Tuesday's three-week low, before short covering-assisted rise

  • Risk-sensitive AUD is benefitting from European equity gains nL4N2HE2A6

  • Offers expected pre-0.72 if AUD/USD extends north (0.7190 was Oct 14 high)

  • There is a big 0.7180 option expiry for the 10am ET NY cut, A$827mn strike

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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