Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 05 - 07:55 AM

AUD/USD - Holds Above 0.72 After Drop From Powell-Spurred Top

By Rob Howard  —  May 05 - 05:35 AM
  • AUD/USD elicited support pre-0.7200 after extending south from 0.7267

  • There is a large 0.7200 option expiry Friday. 0.7267 was Powell-spurred high

  • Fed chief poured cold water on the idea of 75 bps Fed hikes nL2N2WW1W8

  • 0.7126 was AUD/USD low shortly before Powell addressed 75 bps hike question

  • Drop towards 0.7200 influenced by China's Caixin PMI miss nL2N2WX05B

  • Negative news from China can weigh on AUD, re: proxy status of AUD vs CNY

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!