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Dec 08 - 06:55 AM

AUD/USD - Rises Towards 28-Mth High From M&A News-Spurred Low

By Rob Howard  —  Dec 08 - 05:25 AM
  • AUD/USD scales intra-day peak of 0.7435 after rallying off 0.7405

  • 0.7405 was early Europe intra-day low, following AUD-negative M&A news

  • AustralianSuper launches NZ$5.37 bln takeover bid for Infratil nL4N2IO1TZ

  • 0.7411-0.7429 was Asia range nL1N2IO074. 0.7374-0.7453 was Monday's range

  • See: nL1N2IN2QB. 0.7453 = high since Aug 2018 (0.7449 was last week's top)

  • Monday's rise to 0.7453 was aided by copper rise to 8-year high nL1N2IO0AE

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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