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Dec 29 - 07:55 AM

AUD/USD - Holds Above 0.72 After Hitting 5-Week High Tuesday

By Rob Howard  —  Dec 29 - 05:58 AM
  • 0.7213 is the low water-mark for AUD/USD since it reached 0.7264 on Tuesday

  • Ascent to 0.7264 (five-week high) fuelled by rise in risk appetite

  • S&P 500 hit record intra-day high on Tuesday nL1N2TD1G3nL4N2TE151

  • Equity market gains regularly lift risk-sensitive AUD (and vice-versa)

  • 0.7083 was AUD/USD low at the start of last week (Dec 20) nL1N2T50EO

  • China raises import quota for Australian wool in 2022 nL1N2TE03S

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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