By Rob Howard — Aug 01 - 05:10 AM
AUD/USD rises to 0.7036 pre-RBA event risk at 0430 GMT: 50 bps hike expected
See: nL4N2ZD08U. 0.7036 is high since June 17 (0.7032 was Friday's peak)
Higher commodity prices underpin risk-sensitive AUD nL1N2ZD0C9nL1N2ZD09R
0.7000 (Asia high) is now a support point. 0.6969 was Asia low nL1N2ZD056
Australia considers curbing gas exports to avert domestic supply crunch
See: nL1N2ZC0G3. 0.7051 was June 17 high (0.7053 = 61.8% of 0.7282-0.6683)
Source:
Refinitiv IFR Research/Market Commentary