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Aug 09 - 08:36 AM
AUD/USD - Close To One-Week High After Rise From 10-Year Low
First appeared on eFXplus on Aug 09 - 06:25 AM
  • AUD/USD traded on a 0.68 handle through the European am, respecting 0.6822
  • 0.6822 was Thursday's one-week high, which it matched in Asia
  • Short-covering aided rise to 0.6822, from Wednesday's 10-year low of 0.6678
  • Wednesday's low was plumbed after RBNZ cut its OCR by 50bp nL4N2530MQ
  • Australian economy seen turning up, rate cuts still on table nL4N25513B
  • 0.6800 and 0.6775-80 option expiries today . 0.6778 was Asia low

AUDUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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